Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analysts cut target prices across the US defence sector on Monday while simultaneously raising them on oil and gas names, a split verdict that reflects diverging earnings outlooks heading into the third-quarter reporting season.
LMT led the defence cuts. The consensus average target dropped to $624.95 from $625.76. L3Harris Technologies and TransDigm Group saw similar modest trims, with TransDigm's consensus target slipping to $1,436.70 from $1,448.05. Huntington Ingalls Industries and Leidos Holdings also featured in the defence downward revisions.
On the opposite side, energy names attracted fresh upside. saw its consensus target nudge up to $235.14. , , and all received upward target price revisions. Phillips 66 has now seen two consecutive rounds of target increases.
Outside those sectors, Booking Holdings and Meta Platforms both registered small downward target adjustments. DoorDash also dipped, with consensus falling to $257.25 from $257.72.
The defence-versus-energy pattern is the sharpest divide in today's analyst flow. Budget uncertainty and slower contract awards are cited as headwinds for defence primes. Energy bulls, meanwhile, are leaning on resilient refining margins and production discipline from US operators.
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.
