Analysts issued a raft of target price changes on August 20. The moves span retail, technology, utilities, and healthcare.
Retail under pressure. TJX Companies received two separate target cuts in quick succession. The consensus target fell to $174.74 from $177.40. Lowe's also saw its target trimmed to $256.28, reflecting broader caution on consumer spending.
Chips getting love. Analog Devices picked up a target raise to $465.57. The $183B chipmaker carries minimal short interest at under 2% of free float. Analysts remain overwhelmingly bullish with 29 buy ratings and zero sells.
Veeva earns higher price targets. Veeva Systems saw its consensus target nudge up to $251.43. The cloud software firm has 21 buy ratings. Short sellers show little interest, with just 4.4% of free float shorted.
Estée Lauder gets a lift. Estée Lauder received a target increase to $101.36 from $96.08. The beauty giant has split analyst opinion evenly between buys and sells.
Utilities feel the heat. Exelon, FirstEnergy, and Public Service Enterprise Group all saw targets cut. The sector faces rising rate headwinds.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
