Analysts are backing big banks while cutting targets on streaming and media names.
Morgan Stanley scored an upgrade Friday. The consensus shifted to 13 Buy ratings from 10. The average target price rose to $231.86. The bank carries a $339 billion market cap and short interest sits at just 1.5% of free float — bears are not pressing the case.
State Street also saw a notable target price jump. The average analyst target rose to $196.89 from $185.04. That is a $12 move in one step. The financials sector is clearly drawing analyst enthusiasm this week, likely aided by solid earnings season results across the industry.
Netflix ran into the opposite. The consensus target slipped to $97.91 from $98.54. The downward revision is small but notable given the stock's $290 billion market cap. Netflix short interest remains light at 2.4% of free float.
Fox Corporation faced a harder call — a formal downgrade. The consensus slid from 10 Hold ratings to 8. Fox carries a 21.1% short interest as a percentage of free float. That is one of the higher readings among media names. Analysts are not convinced the stock merits more attention at current levels.
Financials are winning the ratings battle this week. Media is losing it.
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.
