Analyst activity on July 2 skews bullish for tech and power plays. The biggest target lift goes to COHR. Consensus price targets on Coherent Corp. rose to $387 from $384. The photonics and laser company carries a $77bn market cap and SI of just 4.8% of free float — short sellers are largely absent.
TER drew the most attention. Teradyne saw multiple analyst changes at once. The consensus target jumped to $417 from $407. Holds flipped to buys in the data. With a $76bn market cap and 6.4% SI % FF, the semiconductor test giant looks well-positioned heading into earnings season.
GNRC also got a boost. Generac's average target rose to $290 from $288. Demand for backup power — driven by data centre growth — keeps analysts constructive on the name.
On the downside, NOC faced a target trim. Northrop Grumman slipped to $689 from $691. Defense budget uncertainty weighs on the sector.
EQT also saw a small target cut to $69.32 from $69.40. The natural gas producer has 19 buys in consensus but faces near-term price headwinds.
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.
