Upgrades:

Phillip Securities analyst Jonathan Woo upgrades $Apple (AAPL.US)$ to buy rating, and maintains the target price of USD194.

Tigress Financial analyst Ivan Feinseth maintains $Microsoft (MSFT.US)$ with buy rating, and adjust the target price from USD475 to USD550.

Benchmark Co. analyst Cody Acree maintains $NVIDIA (NVDA.US)$ with buy rating, and adjust the target price from USD100 to USD135.

Downgrades:

Redburn Atlantic analyst Adrian Yanoshik maintains $Tesla (TSLA.US)$ with sell rating, and adjust the target price from USD170 to USD150.

Leerink Partners analyst Whit Mayo maintains $UnitedHealth (UNH.US)$ with buy rating, and adjust the target price from USD590 to USD560.

Initiation:

Redburn Atlantic analyst James Cordwell initiates coverage on $Meta Platforms (META.US)$ with hold rating, and sets the target price of USD475.

Argus Research analyst Jim Kelleher initiates coverage on $Taiwan Semiconductor (TSM.US)$ with buy rating, and sets the target price of USD160.