Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Morgan Stanley dominated the analyst tape on Friday with a string of simultaneous target price moves spanning energy, financials and used cars.
The bank's Devin McDermott raised his target on CVX to $226, up from $218, while keeping a Buy rating. The call lands as US airport passenger numbers have risen for three consecutive months through July, according to ORTEX alt data, a trend that supports jet fuel demand.
Also on energy, McDermott nudged up his target on APA to $43 from $41, despite maintaining a Sell rating, a rare combination that signals the analyst sees limited upside beyond a modest floor.
The sharpest cut of the session came from Adam Jonas, who trimmed his Carvana target to $88 from $90. CVNA carries short interest at 9.4% of free float, making it one of the more contested names on the tape.
On the upside, Mike Cyprys lifted his target to $1,531 from $1,468. The $63 increase is a clean 4.3% bump for one of the highest-conviction Buy calls in asset management.
Away from Morgan Stanley, Bernstein's Alexia Howard turned positive on SJM, adding a Buy with a $160 target. J.P. Morgan's Pablo Singzon cut targets on both PRU to $127 and PFG to $106, trimming two life-insurance names in one sweep. Consensus on Apollo Global Management APO also edged lower on a target price reduction, though the stock retains a predominantly Buy wall with 16 analysts bullish.
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.
