Evercore ISI reiterates Apple as outperform, while Seaport downgrades Toll Brothers and D.R. Horton to neutral from buy due to continued gaming weakness and decreased App Store growth. Evercore also maintains its valuation of Apple despite slowing App Store performance. Seaports downgraded Toll Brothers, D. Horton, and other homebuilders. Jefferies upgrades MercadoLibre to buy from hold, citing its successful long-term growth opportunities. Citizens upgrades Rocket Lab to market outperform from market perform and establish an $85 price target on Rocket Lab Corporation. KeyBanc initiates Permian Resources as overweight. Morgan Stanley downgrades Arm Holdings to equal weight from overweight, but sees too many near-term headwinds for Arm Holdings. UBS upgrades Morgan Stanley to buy and Pinnacle Financial to buy, stating that the shares are too attractive to ignore.