Wells Fargo picked up an upgrade from analysts today. The consensus rating moved from Hold to Overweight. The average target price now stands at $100.37. The $247B bank carries just 1.1% SI % FF, suggesting short sellers are not pressing their bets against the name.
CenterPoint Energy drew a fresh new recommendation. The utility stock earned a new Buy-equivalent rating. The consensus target is $45.24. CenterPoint's SI % FF sits at 6.6%, a modest level for a utility, and availability is high at 518% of short interest.
On the bearish side, analysts trimmed targets on two consumer heavyweights. McDonald's saw its average target cut from $306.70 to $300.97. The burger chain's consensus remains solidly bullish with 19 Buy ratings, but the target move signals caution. General Mills also had its target trimmed. Analysts cut the average price to $37.22 from $37.44.
Charles River Laboratories received a target reduction to $283.14 from $284.93. The contract research firm holds an overwhelmingly bearish consensus, with 14 Sell ratings versus just one Buy. bucked the trend. Its average target rose to $106.53 from $105.19, adding to recent momentum.
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.
