Regional banks are dividing analyst opinion. Two of them face fresh downgrades. Others are seeing target price upgrades after recent earnings.
Huntington Bancshares was downgraded by the consensus this week. Truist Financial also slipped a notch in the ratings. Both sit in a crowded mid-tier banking space where margins remain tight.
In contrast, other regional names got a lift. Citizens Financial Group received a target raise from Evercore ISI's John Pancari to $80, up from $75. The broader consensus also nudged its target higher to $75.47. American Express saw its consensus target tick up to $367. KeyCorp and M&T Bank joined the upward trend with modest target increases.
The boldest call of the day belongs to Goldman Sachs. Evercore ISI analyst Glenn Schorr raised his target on Goldman Sachs to $1,075 from $950, maintaining a Buy rating. That implies a significant premium to Goldman's current $313 billion market cap. The bank has benefited from strong trading revenues and dealmaking activity.
In healthcare, Evercore ISI's Vijay Kumar upgraded his target on Edwards Lifesciences to $100 from $93. He trimmed Danaher slightly to $230. Edwards carries SI % FF of just 2.2%, signalling little bearish pressure.
The dominant theme: financials are in focus, but analyst opinion is far from uniform.
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.
