JPMorgan Upgrades Citi: Positive Outlook for 2026
JPMorgan upgrades Citi to Overweight, citing strong economy, markets, and improved profitability. Price target raised to $124.
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Cantor Fitzgerald Upgrades SoundHound on Strong Voice-AI Momentum
Cantor Fitzgerald upgrades SoundHound to Overweight with a price target raised to $15, citing strong execution, cross-selling success, and long-term growth potential in voice and conversational AI.
Destination XL and FullBeauty Merge to Dominate Size-Inclusive Fashion Market
Destination XL and FullBeauty combine to create a $1.2B size-inclusive apparel giant, facing growth opportunities and GLP-1 weight loss drug challenges in the evolving plus-size market.
Broadcom Stock Falls on Vague AI Outlook, Margin Concerns
Broadcom shares dropped despite $73B AI backlog and strong earnings as CEO declined 2026 forecast and warned of narrowing profit margins.
Lululemon CEO Calvin McDonald Steps Down, Company Raises 2025 Outlook
Lululemon announces CEO Calvin McDonald's departure after 7 years. Board appoints interim co-CEOs and raises annual revenue forecast to $11B despite slowing growth challenges.
Rivian Builds Its Own AI Chip to Boost Future Self-Driving Features
Rivian has built its own AI chip, RAP1, to replace Nvidia tech and boost future self-driving features. The chip improves performance, lowers costs, and will debut in the R2 SUV.