Morgan Stanley's Erik Woodring lifted his price target on IBM to $267 from $225. That is an 18.7% jump. Woodring kept his Hold rating. IBM trades at a ~$237bn market cap and carries short interest of just 3.4% of free float.
The same analyst also raised his target on Dell Technologies to $477 from $448. Both calls suggest rising confidence in established tech names.
A standout move came from Morgan Stanley's Vincent Andrews on DuPont de Nemours. He hiked his target to $156 from just $52 — a near three-fold increase. Andrews held his Hold rating. DuPont's market cap sits at around $19.5bn.
In retail, Wolfe Research made a notable switch. Spencer Hanus upgraded Target to Buy from Hold. The same analyst cut Home Depot to Hold from Buy. Wolfe is rotating between the two big-box names.
Ralph Lauren got a bullish call from Telsey Advisory Group. Dana Telsey raised the target to $460 from $435. She kept her Buy rating.
On the negative side, BNP Paribas initiated NIKE with a Sell and a $23 target. That is a sharp bearish call on one of the world's most recognised consumer brands.
AMD saw its consensus target nudge up to $495.92 from $487.90 as Wall Street warmed to the chipmaker. Constellation Brands faced the opposite — a slight consensus target trim to $175.55 from $175.59.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
