Telsey Advisory Group made a pair of bold retail upgrades today. TGT got a new Buy rating with a $170 target, up sharply from $150. ROST also earned a Buy and a $280 target, up from $265.
Target's upgrade stands out. The stock carries a $70.6B market cap. Short interest sits at just 3.7% of free float. The bullish call follows broader retail optimism on resilient consumer spending.
On the flip side, UBS trimmed its target on AMAT to $675 from $705. The firm kept its Buy rating. Applied Materials is a $424B semiconductor giant. The cut likely reflects near-term demand caution in chip equipment spending.
DDOG saw its consensus target price nudge up to $285. Analysts remain firmly in the Buy camp. The $84B cloud monitoring firm has just 3.5% short interest and near-zero cost to borrow. That signals low bearish conviction.
Real estate analysts also stayed busy. CPT, AVB, and all received small upward target revisions. Residential REITs appear back in favour as rate expectations shift. was the lone residential REIT to see a target trim.
UBS also raised its target on TPR to $232, keeping Buy intact on the luxury handbag maker.
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