Offices Down, Copper Up: Analysts Split on Direction

Office real estate landlord BXP received a fresh downgrade today, with consensus shifting to a more cautious stance. The average analyst target price sits at $74.10. Short interest in BXP runs at 7.5% of free float, reflecting ongoing scepticism about office demand recovery.

MGM Resorts saw its consensus target price trimmed to $44.96 from $45.70. Analysts are pulling back modestly on the casino giant. Short interest of 9.7% of free float shows bears still have a meaningful position.

The metals complex told a different story. Freeport-McMoRan had its target price lifted, with the consensus average now at $79.11. Copper prices have held up well in 2026, and analysts appear to be following suit. Nucor also received an upward target revision, with the consensus moving to $285.00.

Intel saw multiple changes across its analyst coverage today. One analyst shifted to a buy-equivalent rating, while another removed their recommendation entirely. The average target price held at $118.48.

Capital One had its average target trimmed to $250.48 as credit concerns linger. ORTEX alternative data shows the P911 consumer credit delinquency reading sits 0.8 standard deviations below its own history as of late September, suggesting the broader consumer credit picture remains relatively contained for now.