RBC Capital is betting big on metals. The bank raised its target on NEM from $135 to $155 on Tuesday. That is a 15% jump. Analyst Josh Wolfson kept his Buy rating on the gold miner.
The same firm also lifted FCX to $85 from $73. That is a 16% increase. Analyst Sam Crittenden held his Hold rating but sees more upside in the copper giant. Both calls point to renewed optimism around commodities. Newmont carries a $130 billion market cap. Freeport sits at nearly $100 billion.
In fintech, Raymond James upgraded JKHY to Buy. Analyst John Davis raised his target to $199 from $192. The payment technology firm has SI % FF of just 6%, suggesting limited bearish pressure.
Banks saw pressure. Wells Fargo's Mike Mayo cut his target on HBAN to $21 from $23. The consensus target also slipped to $20.19. Mayo kept his Buy rating but flagged near-term risks.
COST got a fresh Buy initiation from Oppenheimer at $1,160. Analyst Rupesh Parikh joins a crowded bull camp on the warehouse retailer.
The dominant theme: metals bulls are re-emerging while regional bank sentiment stays cautious.
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.
