Wall Street analysts are divided on the financial sector. The moves come as earnings season puts fresh numbers on the table.
Morgan Stanley received an upgrade this week. The consensus target price rose to $231.86, up from $226.48. The $339 billion bank joins a broader wave of bullish calls on investment banks following strong trading results.
State Street saw the biggest target price swing. The average analyst target jumped to $196.89 from $185.04 — a gain of nearly $12. That is a 6.4% upward revision in one move.
The bears hit insurance. Prudential Financial was downgraded. The consensus flipped one notch, with a buy rating converted to a hold. Prudential carries short interest of 3.4% of free float — modest, but worth watching after the cut.
Fox Corporation also took a downgrade. Analysts moved another rating from hold to sell. Short sellers are more active here. SI stands at 21.1% of free float — one of the higher readings in media.
Netflix saw its target trim slightly, to $98.16 from $98.77. The stock carries 35 buy ratings. The small cut suggests post-earnings caution rather than a change in direction.
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