Analysts have made significant updates to their ratings on several major companies, driven by changing market dynamics and recent performances.
Apple (NASDAQ: AAPL): Citi has elevated Apple to its top AI pick for 2025, overtaking Nvidia and Arista Networks. The upcoming iPhone 16 launch is expected to showcase new AI-driven features, further boosting investor confidence.
J.M. Smucker (NYSE: SJM): The company’s price target was lowered by Citi from $138 to $136 due to uneven messaging from management. The stock dropped by 5% following the reduction in full-year earnings guidance.
Foot Locker (NYSE: FL): Barclays upgraded the retailer to “buy” from “hold,” citing a fundamental business recovery that could drive earnings and margin growth in the next 12 to 18 months.
Tesla (NASDAQ: TSLA): William Blair initiated a “buy” rating, focusing on the potential of Tesla Energy, particularly its Megapack and Powerwall products, as EV demand plateaus.
Abercrombie & Fitch (NYSE: ANF): Despite a 17% drop in its stock, JPMorgan has added the retailer to its “analyst focus list” following strong quarterly earnings, maintaining an overweight rating with a $194 price target.
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