Wall Street delivered a flurry of target price upgrades Monday, with UBS and Raymond James leading the charge across energy and auto names.
UBS analyst Josh Silverstein raised targets on five energy stocks in a single sweep. SLB climbed to a $75 target from $72, with a Buy rating intact. Halliburton moved to $42 from $39. APA Corporation saw the biggest jump — from $41 to $47 — though UBS kept its Hold rating. EQT Corporation and Expand Energy also got bumps, both carrying Buy ratings.
Raymond James made the boldest single call of the day. Analyst Justin Jenkins lifted his target on Marathon Petroleum to $445 from $350 — a 27% increase. The Buy rating stayed in place. Marathon carries a market cap above $111 billion and short interest sits at just 3% of free float.
On the tech side, DA Davidson raised its target on Adobe to $290 from $250, reiterating Buy. Adobe's market cap sits near $100 billion. Short interest is low at 4.5% of free float.
UBS's Joseph Spak upgraded General Motors to Buy, lifting the target to $114 from $102. GM's short interest is minimal at 2.5% of free float — suggesting little bearish pushback on the bullish call.
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