Analysts issued several notable calls on Monday. Two standout upgrades grabbed attention across different sectors.
B of A Securities lifted XOM to Buy from Hold. Analyst Jean Ann Salisbury set a $154 price target. The call on the $609 billion energy giant signals fresh confidence in Exxon's earnings outlook amid resilient oil demand.
Also at B of A, Jeffrey Spector upgraded EXR from Sell to Hold. The new target sits at $156, up from $147. Extra Space Storage carries a market cap of $31.8 billion. The shift marks a clear pivot away from a bearish stance on the self-storage REIT.
Meanwhile, BTIG initiated AXP with a Sell rating and a $285 target. Analyst Vincent Caintic sees limited upside for the $222 billion payments giant. The bearish initiation stands out given the stock's strong recent run.
Elsewhere, Mizuho raised its target on AMGN to $303 from $295. The firm kept its Hold rating in place.
LEN and ACN both saw consensus targets trimmed. Homebuilder Lennar's average target fell to $87.79. Accenture's dropped to $230.93.
CVS was a bright spot. Consensus targets edged up to $105, reflecting growing optimism around the health giant's turnaround efforts.
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