Additional US Equity Stories – JPM, MAR, AAPL, MU

JP Morgan (JPM) – The bank had its price target cut to USD 128 from USD 130 at Credit Suisse. (Newswires) Marriott (MAR) – The hotel co. sets its quarterly dividend at USD 0.45/shr and increases its share repurchases programme by an additional 3mln shares. (Newswires) Wolfe Research downgraded JetBlue (JBLU), Spirit Airlines (SAVE), American Airlines (AAL), Hawaiian Holdings (HA) and upgraded Southwest (LUV) Apple (AAPL) – The co. has had its price target lowered to USD 236 from USD 253 at Morgan Stanley, citing a weakening China smartphone market. (Newswires) Micron (MU) – The semiconductor co. has had its price target cut to USD 55 from USD 85 by BAML’s Simon Woo, citing weaker demand and aggressive NAND price cuts at Samsung. (Newswires) Apple (AAPL) – Phone buyer sources point to cuts in iPhone XR orders (OTR Global) (Newswires)