Midday movers: Intel, Pfizer rise; Apple falls

Tesla Q3 deliveries preview - Wolfe Research

Tesla's (NASDAQ: TSLA) Q3 deliveries are projected to be in line with market expectations, according to Wolfe Research, with around 460,000 vehicles expected to be delivereda 6% year-over-year increase and 4% higher than in Q2.

The figur, suggested in the firm's Q3 deliveries preview note, is largely in line with the consensus estimate of 461,000.

The firm explains that th regional breakdown suggests... More

Morgan Stanley Reiterates Overweight Rating on Tesla (TSLA)

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Incremental GHG emissions from global data centers through FY30 is ~2.5bn tonnes equivalent to 2.5 years of C02 emissions of all US cars on the road (MSe). The growth of global data center emissions feeds the Tesla Energy bull case while highlighting existential... More

Morgan Stanley on Apple (AAPL): 'See near-term downside of ~$200, and we'd buy any potential estimate cuts as AI-driven multi-year upgrades are a when, not an if'

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $273.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "iPhone 16 lead times are extending but tracking lower Y/Y, with the average iPhone 16 lead time in the US down 33% Y/Y (or 7... More

CFRA Reiterates Buy Rating on Apple (AAPL)

CFRA analyst T. Michael Walkley reiterated a Buy rating and $260.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Shares of AAPL were down on concerns that shorter pre-order lead times/lower orders for the new Pro devices on the initial weekend could be an indication of... More

Roth/MKM on Intel (INTC): 'e are encouraged by the stepped-up pace of restructuring efforts'

Roth/MKM analyst Suji Desilva reiterated a Neutral rating and $25.00 price target on Intel (NASDAQ: INTC)

The analyst comments "INTC announced multiple steps of progress in its foundry manufacturing and increased overall portfolio focus efforts. Across these efforts, key themes include creating an externally competitive... More

Wolfe Research on Intel (INTC): 'We don’t think spinning out the manufacturing business makes sense', 'Amazon agreement positive'

Wolfe Research analyst Chris Caso reiterated a Peerperform rating on Intel (NASDAQ: INTC).

The analyst comments "We dont think spinning out the manufacturing business makes sense, since the manufacturing and chip businesses are inextricably linked. INTC announced the formal split of manufacturing business into a separate entity, which is consistent with what INTC has said in the past. INTC management feels that separation is necessary to make potential foundry customers comfortable that the businesses are separate, that customers IP and interests will be protected, and it also allows managers in the chip... More

Truist Securities Reiterates Hold Rating on Intel (INTC)

Truist Securities analyst William Stein reiterated a Hold rating and $25.00 price target on Intel (NASDAQ: INTC).

The analyst comments "AMC on 9/16, CEO Pat Gelsinger published a letter to Intel employees highlighting the next phase of the company's transformation following its last Board meeting.... More

Northland Reiterates Outperform Rating on Intel (INTC)

Northland analyst Gus Richard reiterated an Outperform rating and $42.00 price target on Intel (NASDAQ: INTC).

The analyst comments "INTC is a strategic Company for the DoD, as it needs its supply chain to be based on US soil. There is... More

Citi Reiterates Neutral Rating on Intel (INTC)

Citi analyst Christopher Danely reiterated a Neutral rating and $25.00 price target on Intel (NASDAQ: INTC).

The analyst comments "Yesterday Intel issued a press release following its board meeting. Intel announced a multi-billion deal with AWS to supply AWS with custom... More

Evercore ISI Reiterates Outperform Rating on Apple (AAPL)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Presale for the iPhone 16 lineup went live on Friday night at 5PM PT. Delivery times for the Pro model have increased across all geos we track (US, CN, JP, UK, DE) relative to last year. In aggregate, given the staggered launch of both Apple Intelligence across geographies and AI features we think the mix data set is logical Pro Max is modestly weaker vs. iPhone 15, Pro models are doing... More