Analysts made a clear call on defense stocks Tuesday. Lockheed Martin earned an upgrade, with the consensus average target rising to $617. The $117bn defense giant carries just 1.6% short interest. Peers Northrop Grumman and Leidos Holdings both saw target prices trimmed, with NOC's consensus target edging down to $689 from $691.
Howmet Aerospace and GE both received target price increases. GE's average target moved up to $358. Teledyne Technologies also got a bump, with its consensus target climbing to $737.
The most active name was Teradyne. Multiple analyst changes hit the semiconductor test equipment firm, lifting the average target to $417. Short sellers hold 6.4% of its free float — worth watching if upgrades accelerate.
Nike lost analyst coverage. One recommendation was removed, pushing the consensus down to 23 holds against 12 sells. The sportswear brand's market cap sits at $49bn. At just over 5% short interest, shorts remain interested.
SLB faced a target cut in the energy space. Its average target fell slightly to $61.82.
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.
