Analysts lifted ratings on two S&P 500 names on Saturday. ADSK received a consensus upgrade. The design software giant carries a $315 average target price across 37 analysts. Short interest sits at just 3.5% of free float — bears are thin on the ground.
MCO also won an upgrade. The $85 billion credit ratings firm now has 18 buy-side recommendations. Its average target stands at $562. Short interest is a negligible 1.5% of free float.
Both upgrades point to renewed confidence in data-driven and financial services names.
On the downside, HON took a target price cut. Honeywell's average analyst target slipped to $263 from $264. The industrial conglomerate holds a mixed consensus — 13 buys but one sell.
HOOD saw its average target nudge up to $125 from $124. Robinhood's market cap has swelled to $96 billion. Twenty-four analysts rate it a buy.
Flex Ltd. FLEX received a fresh new recommendation at a $160 average target. All 11 covering analysts are bullish. The electronics manufacturer has no sell ratings on record.
SPGI also received a target price bump alongside sector peer Moody's, with the consensus target rising to $520. Rating agency stocks appear to be a focus of fresh analyst optimism this weekend.
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