AAPL - APPLE UPGRADED TO BUY — $400 TARGET Rothschild Redburn upgraded Apple from Neutral to Buy, raising its price target from $260 to $400. The firm highlights Apple’s 2.55 billion-device installed base, strong customer retention and high-margin Services business. It also sees AI as a major opportunity, potentially strengthening Apple’s role as the gatekeeper of consumer AI. Meanwhile, iPhone sales are forecast to grow at a 12% five-year CAGR, supported by Apple’s expected entry into premium foldables with the iPhone Ultra.(*Walter Bloomberg)