Wall Street made several notable calls on Monday, with Citigroup leading a wave of target price adjustments across sectors.
Charter Communications drew attention after Citigroup analyst Michael Rollins cut his price target to $180 from $190. Charter already carries a heavy short position — 28% of free float is sold short. That bearish setup combined with a target trim is a notable signal for the cable giant.
Capital One Financial also saw its Citi target trimmed, to $295 from $310. Analyst Benjamin Gerlinger kept a Buy rating. The $127 billion bank has minimal short interest at 2.1% of free float.
On the bullish side, Centene Corporation received a consensus upgrade. Analyst targets moved to $65.67 from $65.17. The managed care insurer has a market cap of $31.6 billion. Short interest sits at just 2.9% of free float.
EQT Corporation saw Citigroup's Scott Gruber trim his target to $67 from $70. The natural gas producer kept its Buy rating despite the cut.
Medtronic received a consensus upgrade. Average targets edged up to $98.44. The medical device maker rounds out a day of broad but modest analyst recalibration.
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.
