Financials dominated today's analyst activity. Morgan Stanley was upgraded by consensus, with the average target price rising to $231.86 from $226.48. The bank's strong Q2 results appear to be driving the rethink.
State Street Corporation saw the most notable target price jump. The average consensus target rose to $196.89 from $185.04. That is a $11.85 move, roughly 6%. State Street's market cap sits near $51B.
UnitedHealth Group also caught an upward revision. The average target climbed to $471.65 from $455.04. The healthcare giant has faced pressure this year. Analysts appear to see value returning.
On the downside, Netflix saw its consensus target trimmed slightly, down to $97.91 from $98.54. The stock carries a $313B market cap. Short interest remains low at just 2.4% of free float.
Fox Corporation was formally downgraded. Consensus dropped from 10 buy ratings to 9, with holds rising. Media sector pressure may be weighing on sentiment.
Regional banks Regions Financial and Truist Financial both saw modest target increases, reflecting the broader positive tone across US bank earnings season.
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.
