Analyst activity on Thursday leaned bullish. Target price upgrades dominated, with financials and industrials seeing the most action.
PGR earned the day's only outright upgrade. Progressive's rating moved higher as analysts grow more confident in the insurer's underwriting discipline. The consensus now sits at three Buy ratings. The average target price edged down slightly to $231.95. Progressive carries a market cap of $120 billion.
GE drew the biggest absolute target price increase. The average target jumped from $384.24 to $390.05. GE's $376 billion market cap reflects strong post-spin sentiment. Seventeen analysts hold Buy ratings on the stock.
Banks swept up a flurry of upward revisions. PNC saw its target rise to $274.43. MTB moved to $252.47. CFG climbed to $77.76. All three follow a strong regional bank earnings season.
ISRG bucked the trend. The consensus target price edged down to $547.77. Despite the trim, 21 analysts still rate it a Buy. Short interest sits at just 2.1% of free float.
MAR also got a small target boost to $382.50. Hospitality demand continues to hold up well heading into summer.
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.
