HSBC upgraded Apple to Buy rating, Morgan Stanley raised price target for Apple, and Apple announced a partnership with Baidu for AI features in China.

The entities involved

• HSBC →

  British multinational bank

  • HSBC retained a Buy rating with a cut target, while Bank of America revised targets and Motilal Oswal maintained a Buy rating for various stocks.09:16
  • HSBC and Standard Chartered are expanding AI initiatives in Hong Kong and Singapore, including a university partnership and staff cuts.07:03
• Morgan Stanley →

  U.S. investment bank

  • Financial institutions, including Morgan Stanley, Truist Financial, and Norges Bank, set price targets and bought new stakes in Gartner shares.11:04
  • Morgan Stanley provides research coverage on Harmony Gold, a company based in South Africa, regarding a new investment purchase by a bank.10:58
• Baidu →

  Chinese web services company

  • Hyundai is listed among autonomous vehicle industry players, and a stalled Waymo unit obstructed fire apparatus response.Sun 21:54
  • Autonomous companies, including Baidu and Wayve, are targeting commercial launches in London.Sun 10:23

Related events

• Goldman Sachs and HSBC issued rating updates citing high input costs for Asian Paints.Fri 05:35
• DZ Bank lowered Apple's rating to hold, while Morgan Stanley set a target price for Apple shares on October 12, 2026.Oct 12
• HSBC upgraded its stock rating, and Nomura reiterated its Buy rating while raising the target price for Mahindra & Mahindra Financial Services.Jul 22
• HSBC maintained a constructive stance on China's market, won UK digital sandbox approval, and upgraded Indian equities.Jul 18
• HSBC maintains cautious ratings on HCLTech valuation, noting HCLTech is India's third-largest IT services company.Oct 21