Analysts lifted ratings on IBM and Texas Instruments Wednesday, as Wall Street grows more positive on technology stocks.
IBM's consensus rating was upgraded. The average target price rose to $262.85 from $253.94. The stock carries a short interest of just 3.8% of free float. That signals limited bearish conviction.
KeyBanc analyst John Vinh raised his target on Texas Instruments to $400 from $390. He kept his Buy rating. TXN's short interest is under 2% of free float.
Kraft Heinz also received a target price bump. Analysts now average $24.15 versus $23.97 before. The consumer staples name carries 10.7% short interest. That makes a positive shift here more notable.
Raymond James Financial joined the upgrade list too. The consensus moved higher, with average targets around $184.
Among the cuts, AT&T saw a small target trim to $28.65. MSCI and also had minor target reductions.
The overall tone skews bullish. More upgrades crossed the tape than downgrades today.
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.
