Wall Street Eyes Power and Crypto

Analysts are lifting targets on infrastructure and electrical services stocks. Oppenheimer upgraded EME (EMCOR Group) to Buy with a $1,200 price target. That is up from $1,100 previously. EMCOR carries a market cap of $35.7 billion. Short interest sits at just 3% of free float, signalling limited bearish conviction.

PWR (Quanta Services) also saw its consensus target rise to $759. Quanta's $98.7 billion market cap reflects its scale in power grid and energy transition work. Both stocks benefit from US infrastructure spending tailwinds.

Crypto platform COIN drew mixed signals. Oppenheimer's Rayna Kumar cut her target to $193 from $209, keeping a Buy rating. The consensus target also slipped to $210 from $215. Short interest at 10.9% of free float shows bears remain active.

On the healthcare side, TD Cowen's Joshua Jennings raised his target on BAX to $29 from $24. He kept a Hold rating. That is a 21% target increase. Baxter has struggled with restructuring, and the move suggests improving fundamentals.

GDDY (GoDaddy) and CL (Colgate-Palmolive) both saw consensus targets trimmed modestly, suggesting mild caution on consumer-facing names heading into the next earnings cycle.