Analysts swept through the utilities sector on Wednesday, lifting target prices on more than eight names simultaneously. NextEra Energy, Duke Energy, Dominion Energy, and Consolidated Edison all received upward target revisions. The broad move signals renewed confidence in regulated utility earnings as interest rate pressure eases.
The most decisive individual call came from Citigroup. Analyst Patrick Cunningham upgraded Sherwin-Williams to Buy, raising his target to $380 from $355. The paint giant carries a $79B market cap and short interest of just 3.5% of free float. Consensus now sits at 11 Holds and 12 Buys — the upgrade adds to bullish momentum.
Take-Two Interactive drew a new analyst recommendation. The gaming firm, valued at $45B, is awaiting the GTA VI release. The consensus target sits near $282.
FedEx also received a fresh initiation. The logistics giant trades at a $76B market cap with minimal short interest of 1.7% of free float.
In chemicals, LyondellBasell and Dow both saw target cuts, while Linde bucked the trend with an upward revision to $546.
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.
