Analysts cut Estée Lauder to a fresh downgrade this week, with consensus moving against the beauty giant. The stock already carries a short interest of 2.9% of free float. Twelve analysts now hold sell ratings against zero buys.
The most active sector was insurance. Target prices moved across the board for property and casualty names. Progressive and W.R. Berkley saw upward target revisions, while Allstate and Brown & Brown had theirs trimmed slightly. The moves follow a strong period for insurers as natural catastrophe losses have tracked below early-year expectations.
Skyworks Solutions attracted a positive target price revision, with consensus edging up to $69.83. The chip company carries a high short interest of 20.3% of free float, making any analyst tailwind more significant. Taiwan's export orders hit a record $103 billion in August, up 71% year-on-year according to ORTEX Alt Data. That backdrop supports demand for the semiconductor supply chain broadly.
Hewlett Packard Enterprise also saw a target price upgrade, with the new consensus at $69.28. FactSet Research received a target lift to $274.94, with six buy ratings now in place.
Omnicom was the lone media name to get a positive revision, though consensus remains weighted toward sells at seven against one buy.
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.
