Analysts lifted price targets on two major US homebuilders Monday. D.R. Horton now has a consensus target of $168. PulteGroup follows at $139.77. Both moves reflect growing confidence in housing demand despite rate pressure.
CoStar Group drew the day's sharpest action. The real estate data firm was downgraded, with the consensus target edging down to $46.10 from $46.80. Its $11.6 billion market cap has held firm but short interest sits at 3.7% of free float. Analysts are increasingly cautious on its growth path.
Freeport-McMoRan also saw its target trimmed to $70.79. The copper giant remains an $88 billion company. Analysts are watching closely for any China demand signals.
Valero Energy bucked the negative trend. Its consensus target rose to $276.33, one of the bigger upward target moves of the session. Refining margins appear to be underpinning the bullish call.
AvalonBay Communities was downgraded on the day. Its consensus target barely moved at $197.33. The residential REIT faces headwinds from rising supply in key coastal markets.
Tesla saw a modest target nudge to $425.49. The consensus remains split across 47 analysts.
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