Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Jefferies trimmed its target on APP sharply. The price target fell from $550 to $375, a drop of 32%. The Buy rating was kept, but the move signals growing caution on the ad-tech name after a strong run.
WDAY also got a Jefferies cut, with the target sliding from $220 to $210. The firm holds a Hold rating. Workday's consensus has shifted to 22 sells against just 3 buys, making it one of the more bearish set-ups in software right now.
In a contrarian call, Freedom Broker upgraded STZ to Buy from Hold. UBS separately trimmed its target on the same stock to $144. The divergence shows analysts are split on the beer and spirits group after months of pressure on consumer spending.
Waste management names saw quiet target cuts. CIBC cut WM to $225 from $250 and trimmed to $240 from $249, both on Hold or Buy respectively.
WAB and APH both saw consensus targets edge higher. Wabtec's average target rose to $330. Japan machine tool orders surged 63% year-on-year in August, per public register data, which could support demand for industrial equipment makers like Wabtec in the months ahead.
NXPI was the day's clearest downgrade, with consensus shifting lower to 21 buys from 22.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
