Loop Capital downgraded Apple to Hold from Buy and cut its price target to $330 from $370, after supply chain checks showed Apple has no plans to recover the 13 million iPhone shipments cut in the second half of 2026, and flagged gross margin risk as memory costs rise. JPMorgan upgraded Intel to Neutral from Underweight with an $85 price target, saying risk/reward is more balanced after the stock fell roughly 40% from its June peak. Citi opened a positive 90-day Catalyst Watch on SpaceX, calling the coming months “uniquely catalyst-rich” after its third-quarter revenue more than doubled and it posted $4.4 billion in net income. CEO Elon Musk expects annual recurring revenue (ARR) to reach between $500 billion and $1 trillion by end-2027.
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