Analysts moved on two distinct sectors this week. Defense and utilities drew the most notable rating changes in recent activity.
LMT received a formal upgrade. The defense giant's consensus shifted to a more bullish stance, with the average target price sitting at $632.95. Lockheed carries a $130 billion market cap. Short interest is minimal at just 1.4% of free float. That low short interest suggests few bears are betting against the stock.
EVRG also earned an upgrade. The Kansas-based utility's consensus improved as analysts dropped a sell recommendation. The average target now stands at $91.95. Short sellers hold 8.1% of free float — elevated for a utility name.
On the target price front, ADP received a modest lift. The consensus target moved to $287.27 from $286.93. The payroll giant's market cap tops $111 billion.
ABNB also saw a target bump, with the average rising to $175.50. Analysts maintained their overall mixed stance on the travel platform.
VEEV picked up a target increase to $253.57. The healthcare software firm remains mostly a hold among covering analysts, with 21 of 30 recommending caution.
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.
