Citigroup delivered a striking call on NTAP today. Analyst Asiya Merchant raised her target to $209 from $150. That is a 39% jump in one move. The firm kept its Hold rating but the implied upside is hard to ignore. NetApp carries a $40 billion market cap and short interest sits at just 5.8% of free float.
CRM also caught Citigroup's eye. Analyst Tyler Radke lifted his target to $204 from $187. That upgrade in price target reflects renewed confidence in Salesforce's enterprise software demand.
Midstream energy saw a wave of bullish calls. TRGP received two separate target hikes on the same day. Morgan Stanley raised their target to $343 from $333. Jefferies went further, lifting to $345 from $324. Both firms maintain Buy ratings on the $60 billion midstream operator. Jefferies analyst Julien Dumoulin-Smith was particularly upbeat. WMB also got a Morgan Stanley target lift, moving to $103 from $99.
On the downside, HONA saw its consensus target trimmed to $218 from $225. Honeywell Aerospace's aerospace spinoff faces continued margin scrutiny.
MCK bucked the trend with a positive target revision. The consensus average rose to $996 from $991, approaching the four-figure mark for the healthcare distributor.
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