Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analysts issued a coordinated wave of target price upgrades across US energy names on Wednesday. ConocoPhillips, EOG Resources, Chevron, Diamondback Energy, Devon Energy, and APA Corporation all received higher targets. The consensus average for Chevron now sits at $228.08, up from $227.75. The moves look tied to a single analyst sweep rather than individual conviction calls.
The most eye-catching non-energy move came at Illumina. Its consensus target price rose to $241.05 from $236.55, a near two-percent lift. Short interest in the genomics firm stands at 5.8% of free float, and shares to borrow are plentiful at 675% availability. That combination suggests short sellers are not pressing the bearish case despite years of pressure on the stock.
Progressive Corporation picked up a fresh new recommendation. The insurer carries a consensus target of $232.90 and a market cap above $129 billion. With September CPI reaching a record high of 336.94 per ORTEX Alt Data, insurance pricing power remains a tailwind for the sector.
Danaher also saw its consensus target edge up to $244.14. One name that went the other way was Expand Energy, whose target slipped slightly to $123.04 despite sitting in a predominantly Hold-rated group.
Invesco suffered the clearest target cut of the session. Its average target dropped to $34.64 from $34.86, a small but symbolically negative signal for the asset manager.
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.
