Analysts Lift Micron; Intuit Takes a Hit

Analyst activity picked up sharply on June 18, with Micron Technology and Jabil grabbing the most bullish attention.

Micron saw its consensus target price jump twice in a single session. The average target moved from $879 to $927. That's a near-$50 lift in one day. The chip maker carries a $1.15 trillion market cap. Analysts are overwhelmingly bullish — 38 buys against just one sell.

Jabil also drew attention. Its consensus target surged from $374 to $414. That's a 10.7% jump. The electronics manufacturer sits at a $40 billion market cap. Analyst buys outnumber sells nine to zero.

The downside call of the day fell on Intuit. Analysts issued a formal downgrade. The consensus target slipped from $491 to $488. The tax and accounting software firm has a $77 billion market cap. Bears outnumber bulls 27 to one — the worst ratio in today's batch.

Arthur J. Gallagher picked up two separate upward target revisions. Insurance brokers continue to attract steady analyst support.

SLB also received a target lift. Oilfield services names are quietly regaining favour as energy sentiment stabilises.