Citigroup dominated analyst activity on Tuesday with a sweep of target price upgrades across multiple sectors.
The boldest call came on URI. Citi analyst Kyle Menges raised his target to $1,210 from $1,130 — an $80 jump. The equipment rental giant carries a $66 billion market cap. Menges kept his Buy rating intact.
JNJ also got a boost from Citi's Joanne Wuensch. She lifted her target to $298 from $285, reiterating Buy. The consensus average target now sits at $298 across 23 analysts.
In energy, Scott Gruber at Citigroup raised his target on BKR to $75 from $74. He kept a Buy rating on the $54 billion oilfield services company.
LLY saw its consensus target edge up to $1,240 from $1,228. The pharma giant commands a $1.1 trillion market cap. 22 of 28 analysts remain bullish.
Insurance names moved too. Meyer Shields at Keefe, Bruyette & Woods raised targets on both WTW and WRB. The WTW target hit $381. WRB moved to $69 on a Hold rating.
PSX rounded out the day with a consensus target increase to $194.89.
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