Wolfe Research: raise Apple Inc's target price to US $155.The rating is "on a par with the market".

Wolfe Research analyst Jeff Kvaal will$Apple Inc (AAPL.US) $The rating was upgraded from "outperforming the market" to "in line with the market", and the target price was raised from $135 to $155. The analyst raised his expectations to more than widely expected and believes that promotional activities by US operators have effectively contributed to strong demand for iPhone 12. Kvaal told investors that he believes this trend will continue on iPhone 13, as market competition and "rising 4G network congestion" will prompt US operators to extend 5G promotion activities to iPhone 13 cycles.

As of press time, Apple Inc rose 0.49% to US $153.25 before trading.

Morgan Stanley: maintain Tencent's "overweight" rating, with a target price of HK $700

Morgan Stanley published a research report that$Tencent (00700.HK) $Share the latest views and potential business implications under regulation. The bank believes that many of Tencent's business segments remain resilient, maintaining its "overweight" rating with a target price of HK $700, but pay attention to the regulatory uncertainty of the gaming industry and increased competition in social media.

The report mentions that the mainland has recently restricted the playing time of minors. Tencent pointed out that players under the age of 18 contributed only 6 per cent of game revenue in 2020. Although it is in the midst of a regulatory trend, Tencent continues to launch new games according to internal requirements and schedule, and the recent novel "the Battle of the Golden Shovel" is a successful example. In terms of advertising business, education only contributed to the high number of units of Tencent's advertising revenue in the second quarter, and the impact of K9 after-school tutoring courses was several percentage points, but the management believed that the impact was short-term.

Tencent closed up 2.17% at HK $499 today.

Macquarie: downgrade AMC to "outperform" with a target price of $6

Macquarie will$AMC cinema line (AMC.US) $It was lowered from "neutral" to "losing to the big market". It is worried about the release of medium-production films and will lower its forecast for domestic box office revenue in the second half of this year and the next two years, which will directly affect the company's revenue.

As of press time, AMC rose 0.09% to $43.73 before trading.

Daiwa: maintain Meituan's "buy" rating with a target price of HK $350

Daiwa issued a research report.$Meituan-W (03690.HK) $The better-than-expected results in the second quarter are mainly due to the total amount of takeout courier transactions and higher-than-expected revenue from new business, although regulatory challenges remain for rider costs, data collection and new business. It is believed that the impact of higher rider costs can be offset by improved unit economy, while cross-selling opportunities will bring opportunities for revaluation of shares. Lower the target price from HK $425 to HK $350 and maintain the "buy" rating.

Meituan closed up 0.47% at HK $254.6 today.