Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Analyst target prices moved mostly lower on Friday, with US financials, transport, and consumer names absorbing the bulk of the downgrades.
J.B. Hunt Transport Services drew a consensus target cut to $279.30 from $280.00. The trucking and intermodal group has faced persistent pressure from weak freight volumes. Analysts are not turning bullish yet.
Banks dominated the sell-side note flow. Wells Fargo saw its average target trimmed to $97.15. Citizens Financial Group slipped to $78.03. M&T Bank edged down to $249.83. All three cuts arrived on the same day, suggesting analysts are moving cautiously ahead of the next rate decision.
NIKE took one of the sharper target reductions, falling to $36.51 from $37.67. The consensus now sits at 7 buys, 25 holds, and 10 sells, a deeply sceptical picture for a consumer brand this size.
On the positive side, The Travelers Companies gained. Its consensus target rose to $364.54 from $360.67. Emerson Electric also moved higher, with the average target edging up to $175.14.
ExxonMobil received a target lift to $175.41, as energy analysts grow more constructive on oil majors heading into Q4.
Zoetis saw a small target cut to $94.43. Animal health spending has softened, and the consensus reflects that caution with no buy ratings in sight.
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.
