Jefferies upgraded AAPL to "hold"
Big tech stock Apple Inc (NASDAQ:AAPL) was last seen up 4.2% to trade at $179.62, after an upgrade from Jefferies to "hold" from "underperform" due to the possibility a tariff exemption. The firm also lowered its price target to $167.88 from $202.33, however, amid global recession risks and a softer view on artificial intelligence (AI) growth.
Mirroring the broader market, today's pop has AAPL looking to snap a dramatic four-day losing streak. The stock is down 28.7% this year, but still sports a 5.3% year-to-date lead.
Constellation Energy Corp (NASDAQ:CEG) was up 1% at $186.81 at last glance, after an upgrade from Citigroup to "buy" from "neutral." The firm cited a compelling risk/reward profile after the stock's recent slide, though it also slashed its price target to $232 from $334.
CEG is on track for its third-straight win after bouncing off $160. The stock hadn't traded at that level since August, when it staged a similar move. Despite today's rise, the equity still carries a 17.1% year-to-date deficit.