Micron Technology grabbed headlines Wednesday after Rosenblatt analyst Kevin Cassidy doubled his price target to $1,200. That is up from $600 — a move that dwarfs anything else on the analyst tape this session. Cassidy also upgraded the stock to Buy.
The call reflects growing confidence in AI-driven memory demand. Micron's market cap sits near $1.18 trillion. Short sellers are largely absent, with short interest at just 3.3% of free float and borrowing costs near 0.4%.
Jabil also drew a bullish call. Barclays analyst Tim Long upgraded the contract manufacturer to Buy. His new target of $426 is up 40% from his prior $304. The consensus target jumped to $441 from $414. Jabil's $40 billion market cap makes it a mid-cap name, yet short interest is minimal at 2.8% of free float.
On the downgrade side, Barclays cut its target on Duke Energy to $134 from $143. The same analyst lowered Southern Company targets too, signaling a broader pullback on US utilities.
Insurance also saw action. Allstate consensus targets ticked up while targets slipped slightly, reflecting diverging outlooks across the sector.
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