Truist Lifts Fortinet, Albemarle Cut Stings

Truist Securities upgraded FTNT to Buy and raised its target to $200, up from $183. The cybersecurity firm carries a $126 billion market cap. Short interest sits at just 2% of free float, suggesting little bearish pressure from the street.

The same Truist desk cut ALB to a target of $185, down sharply from $225. Albemarle, the lithium producer, is under pressure from weak lithium prices. Short interest is nearly 10% of free float, one of the higher readings among large-cap materials names.

JP Morgan raised its target on HOOD to $115 from $103, maintaining a Hold rating. Robinhood's $76 billion market cap has grown fast. The consensus remains cautious though: 25 analysts hold a Sell rating versus just 2 at Buy.

JP Morgan also lifted TRV Travelers to a $379 target from $352. Insurance stocks have benefited from higher premiums and disciplined underwriting.

On the downside, JP Morgan cut KHC Kraft Heinz's target to $23 from $24, keeping a Sell rating. The food giant faces persistent volume declines and a weak consumer backdrop.

CEG Constellation Energy saw a consensus target lift to $337.80. The nuclear power operator has drawn strong analyst support as AI-driven power demand grows.

European car registrations hit their largest September total in five years, up 13% year-on-year, a read-across for auto-sector coverage across the board.