Analysts Turn Bullish on Energy and Industrials

Analysts shifted targets higher across energy, industrials, and pharma on Friday, with a cluster of upward revisions standing out from the latest changes.

Thermo Fisher Scientific drew the most eye-catching move. The consensus target jumped to $618 from $603. That is a $15 lift. The stock has 21 analysts covering it, all with buy ratings.

Honeywell also got a boost. The average target rose to $255 from $248. Honeywell trades at a $78 billion market cap. The industrial giant has been restructuring, and analysts appear to be pricing in progress.

Vistra Corp, the power and electricity firm, saw its target nudge up to $223. The stock carries a $57 billion market cap. 18 of 18 covering analysts rate it a buy — rare unanimity.

On the negative side, Verizon and Charter Communications both saw consensus targets trimmed. Verizon's average fell to $50.94. Charter dropped to $209. Telecom pressure continues.

West Pharmaceutical Services received a new analyst recommendation. The target average jumped sharply to $402 from $384. The packaging firm has a $25 billion market cap and very low short interest at 3% of free float.