Analysts revised targets higher across several sectors on Tuesday, with midstream energy and healthcare leading the way.
Targa Resources Corp. drew the most bullish attention. Analysts pushed the consensus target price to $310.10, up from $308.10. The stock carries a $63 billion market cap. All 20 analysts tracking the name rate it a Buy — a rare unanimous reading. Short interest sits at just 2.4% of free float.
Medtronic also saw its target price lifted. The consensus now stands at $100.20, against a prior $98.84. The $116 billion medtech giant has been rebuilding credibility with investors after a multi-year restructuring. Analysts are growing more optimistic.
Not all moves were bullish. Aon had its target price trimmed to $396.63 from $402.00. The insurance and risk advisory firm faces pressure. The cut follows a period of wider sector uncertainty on premium cycle timing.
In hospitality, analysts initiated coverage on both Las Vegas Sands and Wynn Resorts with new recommendations. also received a fresh initiation with a $352.85 average target. The cluster of new gaming and lodging calls suggests renewed analyst interest in travel sector recovery.
Salesforce and Johnson Controls both received modest target increases, adding to a broadly constructive tone from the Street to close out August.
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.
