Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analysts reshuffled ratings across financials and industrials on Thursday, with two calls standing out for opposite reasons.
PGR drew the sharpest move. The Progressive Corporation was downgraded by consensus analysts, shifting the buy count from seven to six. The average target price edged down to $232.57 from $232.90. Progressive trades at a $129.6 billion market cap and carries short interest of just 1.2% of free float, so bears are not piling in. The downgrade reflects valuation rather than distress.
STT moved the other way. State Street Corporation was upgraded, with a Hold position flipped to a more positive stance. The consensus target price nudged up to $199.17. The $47.8 billion custodian bank has been under pressure from fee compression, so any fresh buying signal is notable.
TRGP and FANG both received target price increases. Targa Resources moved to $328.76 average target. Diamondback Energy reached $236.14. Both sit in energy infrastructure and E&P respectively, sectors that have attracted steady analyst support this quarter.
TSLA reports on 21 October. ORTEX Alt Data tracking German car registrations, a dataset that has historically led Tesla revenue by 43 days with a strong fit, is running 269% above the same quarter last year across all three months of the period. That reading points upward for the upcoming print, though it is not a forecast of the result.
DAL saw its target trimmed. Delta Air Lines slipped to a $101.07 average, down from $101.28, with the consensus firmly bullish across 24 analysts.
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.
