Carolina Panthers NFL Draft Summary (April 2025)

• Selected Tetairoa McMillan with the eighth pick to address a need for a new pass rusher.
• Added undrafted rookies, including a Notre Dame TE and Colorado WR.

Analyst Moves in AI Sector

BofA on Apple (AAPL)

• Lowered price target to $240 from $250 due to AI launch delays and supply chain issues (tariffs).
• Maintained Buy rating but trimmed fiscal 2026 EPS estimate to $7.82 from $8.20.
• Reduced revenue forecast to $440B from $450B, citing a weaker USD as a potential tailwind.

Raymond James on Amazon (AMZN)

• Downgraded to Outperform from Strong Buy, reducing price target to $195 (lowest on the street).
• Cited underestimated margin risks from China tariffs and logistics investment burdens.
• Lowered EBIT estimates by $6B (2025) and $12B (2026).
• Prefers Meta, Uber, and MercadoLibre for AI monetization opportunities.

D.A. Davidson on Salesforce (CRM)

• Downgraded to Underperform from Neutral.
• Cut price target to $200 from $250, citing AI focus hurting core business performance.
• Projected fiscal 2026 revenue growth of 5.5%, below the consensus estimate of 7.5%.

Citi on Siemens (ETR)

• Reinstated coverage with a Buy rating and €245 price target.
• Highlighted AI and automation potential, driven by its €7B Digital Industries software portfolio (includes Altair and Dotmatics).

Citi on Super Micro Computer (SMCI)

• Initiated coverage at Neutral with a $39 price target.
• Acknowledged strong AI server market presence (8% share, 70% sales linked to AI) but noted increasing competition (e.g., Dell).
• Highlighted structural risks, including customer concentration and weak free cash flow.

S&P 500 Banks Index (SPXBK)

• Live stock price: 450.10 as of 04/25, down 0.23%.
• Day range: 446.97–452.43.
• 52-week range: 375.31–530.66.
• Offers diversified exposure through individual stocks or ETFs.