Rothschild raises Apple’s price target to $400 while JPMorgan halves Federal Signal’s target amid mixed market sentiment.
Rothschild upgraded Apple to Buy with a $400 price target, citing strong fundamentals and growth potential. Meanwhile, JPMorgan slashed Federal Signal’s target to $17 from $38, reflecting concerns over valuation or outlook.
The S&P 500 reached a record high last week, supported by cooling inflation data that may delay a September Fed rate hike. Futures traded mixed ahead of the new week, with the Nasdaq and Dow Jones closing slightly lower on Friday.
Oil prices surged as U.S. naval blockades on Iranian ports drove Brent Crude to $89, with near-term prices expected to stabilize between $75 and $80.