Analysts Cut Targets on Lennox, Teradyne

Analysts trimmed targets on two mid-cap names Wednesday, while upgrades flowed into insurance and HVAC.

Lennox International took the sharpest hit. The consensus target fell to $556 from $576 — a $20 drop — after the HVAC maker reported results. That is a 3.5% cut to the average price target. Short interest sits at 8.2% of free float, suggesting some bearish positioning already in place.

Teradyne also saw target cuts. The semiconductor test equipment firm saw consensus slip to $440 from $442. With a $50 billion market cap, even small target moves draw attention. Short interest is low at 4.5% of FF.

On the positive side, Everest Group got a target bump to $401 from $400. The reinsurer has benefited from strong premium pricing. Short interest is modest at 5.7% of free float.

Johnson Controls and Ecolab both received upward target revisions. Johnson Controls moved to $156.56 from $156.17. Ecolab ticked up to $324.67 from $323.71.

Meta Platforms saw a minor target reduction. Consensus slipped to $818.80 from $822.05 — a small pull after its recent run.