UBS dominated Wednesday's analyst tape. The bank issued a flurry of target price revisions across consumer and retail names, producing some of the sharpest moves of the day.
TGT was the standout. UBS analyst Michael Lasser lifted his target to $185 from $166 — a $19 jump — while keeping a Buy rating. Target carries a $72B market cap. Its short interest sits at just 3.7% of free float, suggesting bears are not crowding in.
LOW got the opposite treatment. Lasser cut his Lowe's target to $275 from $285, still rated Buy. The hardware retailer has 35 Buy recommendations from covering analysts.
SJM also got a UBS boost. Peter Grom raised his J.M. Smucker target to $142 from $130, reiterating Buy. The food company's short interest is 5.3% of free float.
TJX saw a smaller nudge — Jay Sole moved his target to $198 from $197. The near-flat revision contrasts with bigger swings elsewhere in retail.
Away from UBS, ALL drew the session's most notable downgrade. Allstate slipped a notch on consensus as one firm removed its Buy recommendation. The insurer now shows 5 Buy, 9 Hold, and 11 Sell ratings — a notably bearish skew for a $66B company.
OKE and WMB both received lifted price targets in the midstream energy space, continuing a positive tone for pipeline operators.
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