Wall Street moved on several names today. The biggest target price jump belongs to CRM. BTIG's Allan Verkhovski upgraded Salesforce to Buy and raised his target to $300 from $255. That's an 18% lift. Needham's Scott Berg also reaffirmed a Buy with a $400 target, signalling wide bullish spread.
MDT was another notable mover. Needham's Mike Matson upgraded Medtronic to Buy and lifted the target to $114 from $101 — a 13% increase. The medtech giant carries a $116B market cap.
SJM saw the consensus target price rise to $140.06 from $134.25. That's a 4.3% increase. The J.M. Smucker Company trades at a $13.4B market cap with short interest at just under 4% of free float.
On the downside, consensus targets fell for LYB, MNST, and INTU. LyondellBasell slipped to $68.35 from $69.53. Monster Beverage edged marginally lower. Intuit's average target dropped to $423 from $429.
BKNG received a fresh Buy initiation from BTIG's Jake Fuller with a $250 target. Booking Holdings now has 30 Buy ratings from covering analysts.
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.
