Analyst desks were busy on Wednesday, with target price cuts hitting Comcast and a notable coverage removal at Honeywell.
Comcast saw its consensus target price trimmed to $30.89 from $30.94. The move adds pressure to the cable giant, which carries a $84 billion market cap. Analysts remain split — 9 hold buys, 15 holds, and 3 sells — suggesting little confidence in a near-term recovery.
Honeywell drew more attention. An analyst removed their recommendation entirely, shifting the buy count from six to just two. The industrial conglomerate has been under pressure since announcing a breakup plan. With a $74 billion market cap, any erosion in analyst support matters.
On the brighter side, Nasdaq Inc was upgraded, with the consensus buy count rising and its target price moving to $107.47 from $106.80. The exchange operator has benefited from strong trading volumes and technology revenue growth.
Defense names also saw upward target revisions. Lockheed Martin and RTX both received higher price targets, with Lockheed's consensus target climbing to $611.58. Elevated defense budgets globally continue to attract analyst support.
EQT rounded out the movers, with its consensus target nudged down to $67.04 amid natural gas price uncertainty.
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.
