Analysts reshuffled ratings across several large-cap names on Thursday. Two moves stand out.
Corning received an upgrade from analysts, pushing consensus to a more bullish stance. The average target price now sits at $214. Corning carries a market cap of $150bn. Short interest is just 2.5% of free float. That low short position leaves little friction for bulls.
Nasdaq Inc. went the other way. Analysts downgraded the exchange operator. Consensus slipped from a hold-leaning view to a mild sell lean. Target price holds near $107. The $52bn company has seen short sellers stay largely absent — SI is under 2% of FF.
Cummins drew the most notable target price move. The average analyst target rose to $755 from $754. The engine maker has a $92bn market cap. Consensus sits firmly in buy territory with 12 buy ratings.
United Airlines saw a modest target price trim. Analysts cut the average to $155. Still, 23 buy ratings dominate the consensus. The carrier's earnings remain in focus this week.
GE Aerospace earned a target bump to $392 from $384. Two analysts rate it a strong buy.
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