Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Domino's Pizza took one of the day's sharper target price cuts. Analysts trimmed the consensus to $356.85, down from $367.15. That is a drop of more than $10 on average across the panel, with 15 holds and 14 sells in the mix.
Progressive Corporation was downgraded today. The insurer's consensus slipped to 15 holds from 14. The stock carries a consensus target of $232.57. Progressive recently reported strong premium growth, but analysts appear to see the valuation as stretched after a strong run.
State Street bucked the trend with an upgrade. One analyst moved to buy, lifting the buy count to zero from one sell. The consensus target sits at $199.17. The asset manager has benefited from rising fee income as markets extended gains.
Delta Air Lines saw its target nudged lower. The consensus slipped to $101.07 from $101.28. All 24 analysts covering the stock hold a buy rating, so the cut is a trim, not a signal of concern.
Targa Resources received a target increase. The midstream operator's consensus rose to $328.76 from $326.76. Twenty analysts rate it a buy. German car registration data tracked by ORTEX is running 133% above the same quarter last year for General Motors, which reports on 20 October, a dataset ORTEX measures as leading GM revenue by 15 days.
Johnson & Johnson saw Leerink Partners cut its target to $272 from $276, keeping a buy rating.
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.
