Wall Street Turns Upbeat on Luxury and Industrials

Analysts lifted targets on RL to a consensus $430.81 from $429.74. That modest bump follows a strong earnings beat. Ralph Lauren's $14.3B market cap stock carries short interest of just 8.7% of free float — bears are not pressing hard.

RMD moved the other way. The average target on the sleep-tech giant slipped to $247.67 from $248.53. ResMed carries 9.2% SI % FF. The drop is small but notable — analysts are trimming after a rich run.

FISV also saw a target cut, falling to $64.52 from $64.74. The payments giant trades at a $28.9B market cap. Short interest sits low at 3.7% of free float.

On the bullish side, EMR gained analyst support. Emerson Electric's consensus target rose to $169.81. ABNB also got a bump — the average target climbed to $158.99 from $158.35.

COP rounded out the upgrades. ConocoPhillips targets edged up to $141.52. Energy names are quietly winning Wall Street favour as oil stabilises.

The session's clearest theme: industrials and luxury are preferred. Healthcare and payments face modest headwinds from cautious analyst pencils.