Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analysts trimmed targets across the US utilities sector Monday, with at least five major names seeing price cuts. Sempra, FirstEnergy, PPL Corporation, PG&E, and American Electric Power all saw consensus targets edged lower. The moves land against a difficult backdrop for the sector. ORTEX Alt Data shows an Xcel Energy reactor recorded output 10 standard deviations below its own history on 11 October, an extreme departure from its normal operating range. That kind of operational stress adds weight to the cautious tone from the street.
Hotels told a different story. saw its consensus target lift to $380.96 from $380.80. also gained a modest upward nudge, to $25.39. Both moves reflect continued confidence in travel demand.
In tech, Fortinet attracted an upward target revision to $164.88, supported by a broadly bullish consensus of 30 holds and 5 buys. Zebra Technologies received a similar bump, with the average target rising to $414.25.
Homebuilders saw quiet pressure. D.R. Horton and Masco both had targets trimmed marginally. MGM Resorts was the lone gaming name to see a target cut, falling to $47.28 from $48.12.
The split between resilient travel and tech names on one hand, and utilities and building materials on the other, reflects where analysts see the most near-term risk heading into Q3 earnings season.
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.
