Miners Lead Analyst Upgrades Wednesday

Gold and copper miners grabbed the most attention from analysts this session. RBC Capital's Josh Wolfson raised his target on NEM from $135 to $155. That is a $20 jump. The Buy rating stands. Newmont carries a $127 billion market cap and short interest is just 1.7% of free float.

Copper giant FCX also drew a bullish call. RBC's Sam Crittenden lifted his price target from $73 to $85. Freeport held at Hold, but the target move signals rising conviction on copper demand. The stock's market cap sits near $99 billion.

The moves come as metals prices stay elevated. Both upgrades are from the same firm on the same day — RBC is clearly turning more bullish on the mining sector.

Away from miners, Raymond James analyst John Davis lifted his price target on fintech firm JKHY to $199 from $192. The Buy rating was maintained. Jack Henry serves community and mid-size banks. Its short interest runs at nearly 6% of free float.

Wells Fargo's Mike Mayo cut his target on HBAN from $23 to $21 on Huntington Bancshares. The Buy rating remains despite the trim. Oppenheimer reiterated a Buy on COST with a $1,160 target.