Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analysts moved the most on energy names this week. Marathon Petroleum and Phillips 66 both received upward target price revisions, with MPC's consensus target rising to $400 from $397.39. PSX's average target moved up to $263.11.
Devon Energy drew the sharpest action. An upgrade pushed the consensus hold-to-sell balance further toward neutrality, with sell-side analysts now split 27 sells to just two holds and zero buys. The target edged up to $60.96. The bullish revision comes even as the stock carries a heavy skew of sell ratings, suggesting the upgrade was a dissenting call against the grain.
PepsiCo went the other way. Two separate target cuts within hours dragged the consensus price from $148.64 down to $144.82. With five sell ratings versus 18 holds, the soft drinks giant is out of favour with the Street.
Boeing attracted a new recommendation with a target near $272.81. Analysts see potential recovery in the aerospace giant following a turbulent stretch.
Align Technology took a modest target trim to $199.21. The dental devices maker carries a majority of sell ratings, leaving little room for optimism near term.
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.
