Barclays Moves Drive Action on Meta, Tesla, LVS

Barclays is the analyst house to watch today. Ross Sandler raised his META target from $780 to $880, a $100 jump, while keeping a Buy rating. That new target sits well above the current consensus average of $833.

On the other end, Barclays analyst Brandt Montour cut his LVS target sharply from $57 to $50, a 12% reduction, on a retained Buy. Massachusetts online sportsbook revenue rose 36% year on year in September, but casino sportsbook handle in that state fell 37% over the same period. The split trend signals pressure on casino-format gaming, relevant for Sands despite its Macau and Singapore focus.

TSLA attracted two moves. RBC Capital's Tom Narayan reiterated a Buy at $480. A separate consensus update flagged multiple changes, lifting the average target to $408 from $398. The stock remains closely watched.

UNP saw analysts trim their average target to $326.61 from $327.67. MCHP faced a similar cut, with the consensus target slipping to $106.52 from $107.24. Both moves were modest but confirmed a cautious mood on industrials and semiconductors.

PM bucked that trend. Analysts nudged the Philip Morris average target to $210.47, up from $208.71, as the tobacco giant continues to benefit from its smoke-free products push.

WAB received a consensus target upgrade to $332 from $330.5. Lam Research saw its target cut to $365.73 from $376.77.