Truist Financial (TFC) took a hit on Monday. The consensus rating was downgraded, with the average target price slipping to $55.41 from $55.88. It joins KKR as another high-profile downgrade in today's batch — KKR's consensus fell from three holds to just two.
The day's clearest bullish call came in mining. UBS analyst Daniel Major raised his price target on Freeport-McMoRan to $77, up from $75, maintaining a Buy. The copper giant carries a market cap near $89 billion. Copper demand optimism from data centre build-outs continues to drive interest in the stock.
In travel, Tigress Financial's Ivan Feinseth lifted his target on Carnival to $42 from $40, reiterating Buy. The cruise sector has shrugged off earlier macro concerns, and Carnival's $40 billion market cap reflects recovered confidence.
Data centre REITs also drew attention. Both Digital Realty and Equinix saw consensus target prices edge higher. DLR moved to $219.59, while EQIX crossed $1,198. AI-driven infrastructure demand keeps analysts constructive on both names.
Zoetis was the sharpest target cut of the session. The animal health firm saw its average target fall to $118.29 from $124.00, with no consensus change. That's a 4.6% reduction — notable for a stock with thin short interest and limited bearish positioning.
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.
