Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
A wave of target price cuts swept across the industrials sector on Tuesday, while tobacco and pipeline names attracted fresh upgrades.
PPG Industries drew a new analyst recommendation, with the consensus now split almost evenly between holds and buys. The coatings giant sits at an average target of $125.73.
FICO saw its consensus target fall to $1,086 from $1,113. The scoring firm still carries a broadly bullish consensus, but the trim reflects caution ahead of its next report.
Truck and machinery names took the heaviest cuts. PACCAR had its average target reduced to $135.06 from $140.06. Caterpillar slipped to $965 from $970. Cummins dropped to $728 from $743. The pattern suggests analysts are trimming cyclical exposure as freight and construction data soften.
Against that, Philip Morris International saw its average target lifted to $208.80 from $208.13, with 11 buys in the consensus. Williams Companies also got a nudge up to $85.50. Targa Resources rounds out the energy complex with a target upgrade to $326.76.
German car registration data tracked by ORTEX Alt Data is running 133% ahead of last year on the same quarter. That dataset has a measured 15-day lead on GM revenue and is three months in, relevant context as GM reports on 20 October.
Apollo Global Management bucked the financial sector trend, with its consensus target edged down to $150.80 from $151.45, even as the alternative asset manager retains a strong buy-heavy lineup.
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.
