Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analyst target prices fell broadly on Thursday, with banks and utilities bearing the brunt as US core CPI hit its highest reading since the series began in 1997.
SCHW saw its consensus target trimmed to $120.86 from $122.32. USB had its target cut to $68.41 from $69.00. Both moves came on the same session as strong inflation data reinforced fears that the Federal Reserve will hold rates higher for longer.
Utilities felt the same pressure. DTE, CMS and SO each had targets pulled lower. Regulated utilities are rate-sensitive. Higher-for-longer cuts their relative appeal against fixed income.
JBHT also saw its target reduced, to $280 from $282. Trucking is exposed to freight volumes and fuel costs. US core CPI at 339.287 in September 2026, per ORTEX alt data, adds cost pressure across the logistics chain.
On the positive side, JNJ received a target upgrade to $279.41 from $278.86. The move is modest but goes against the grain of today's cuts.
JPM saw multiple changes among covering analysts, with its consensus target holding near $372.57. Analyst opinion on the bank remains divided ahead of earnings season.
The dominant theme today is inflation-driven caution. Rate-sensitive sectors drew the most negative analyst attention, and the alt data backdrop of a 3.7% US CPI annual rate in September 2026, the highest in two years, gives that caution firm grounding.
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.
