Financials dominated analyst action on Saturday. Morgan Stanley picked up an upgrade. The consensus moved from 13 holds to 12, with 2 buys now on the books. The average target price rose to $231.86 from $226.48.
State Street saw the biggest target price swing. Analysts lifted their average price target to $196.89 from $185.04 — a jump of nearly $12. State Street carries just 1.8% SI % FF, so short pressure is minimal.
On the downside, Fox Corporation was downgraded. Fox stands out with 21.1% SI % FF, the highest of the group. Short sellers have been leaning heavily on the media company. The downgrade adds further weight.
Prudential Financial also took a downgrade. One analyst shifted from hold to sell. The consensus now sits at 5 buys, 13 holds, and 1 sell.
Netflix saw its average target trimmed slightly to $98.16 from $98.77. The consensus remains firmly bullish with 35 buys and no sells — a small cut, not a change in direction.
The pattern is clear. Banks are winning favour. Media names face more scrutiny.
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.
