Midday movers: Apple, Intel, United Airlines fall; Micron rises

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BofA: Apple (APPL) DOJ suit could be another step towards lower app fees

March 26, 2024 8:59 AM EDT

Analysts at BofA said in a note Tuesday that they feel the DOJ suit against Apple (NASDAQ: AAPL) could mark another step towards lower app fees for subscription companies.

The US DOJ and 16 other state and district attorneys general filed a civil antitrust lawsuit... More

Apple (AAPL) innovation 'drives a sticky Services ecosystem,' but UBS sees some signs of stress

March 25, 2024 1:04 PM EDT

In a note Monday, analysts at UBS maintained a Neutral rating and $190 per share price target on Apple (NASDAQ: AAPL), stating that innovation drives sticky services.

However, the investment bank noted that there are some signs of stress.

UBS explained that its Evidence Lab surveyed ~4,000 iPhone... More

Foundational AI model market experiencing shakeout event: Macquarie

March 25, 2024 11:59 AM EDT

Analysts at Macquarie told investors in a note this week that it looks like the foundational AI model market is experiencing a shakeout event.

The financial services firm noted that shakeouts "roiled" some foundational AI start-ups, and they expect more of this as the market attempts to... More

Mizuho says Alphabet stock is 'undervalued'. But here's the catch

March 25, 2024 10:00 AM EDT

In a note to clients this week, analysts at Mizuho maintained a Buy rating and $170 per share price target on Alphabet (NASDAQ: GOOGL) shares, but they noted that the stock could remain at current levels for a while.

The bank revealed that it feels GOOGL's multiples could be in a holding pattern near-term until a number of issues are resolved.

First off, Mizuho stated that it's "challenging... More

'Tesla may be witnessing price-cut fatigue with consumers' - Morgan Stanley

March 25, 2024 9:42 AM EDT

Morgan Stanley maintained an Overweight rating on Tesla (NASDAQ: TSLA) in a note Monday but said it thinks the electric vehicle giant "may be witnessing price-cut fatigue with consumers."

The firm, which also maintained a $320 per share price target on the... More

Barclays upgrades Walt Disney (DIS), sees positive estimate revisions ahead

March 25, 2024 9:19 AM EDT

Barclays upgraded Walt Disney (NYSE: DIS) to Overweight from Equal Weight in a note Monday, raising the price target to $135 from $95 per share.

The bank told investors that the recent narrative is likely to be followed by positive estimate revisions, which is still early in the cycle and... More