Analysts Cut Power Targets, Lift Logistics

The clearest theme in today's analyst activity is power. VST and NRG both had their target prices cut by CIBC. Vistra's target fell to $181 from $201. NRG's dropped to $159 from $173. Both retain buy ratings, but the reductions signal caution on power-sector valuations after a strong run.

The moves come as utilities face scrutiny across the board. AEP bucked the trend, with consensus target prices edged higher to $141.54 from $141.50.

Freight logistics picked up an upgrade. ODFL received a consensus upgrade, with the average target slipping slightly to $219.71 from $221.14. The rating shift from hold to buy reflects improving freight volumes. Rival CHRW saw its target trimmed to $191.83 from $192.13, keeping a cautious read on the brokerage sector.

On the leisure side, Freedom Broker upgraded RCL to Buy from Hold, setting a $379 target against a prior $351. The call stands out as the boldest single-name upgrade in today's batch.

BIIB saw its consensus target rise to $254.17 from $248.26, a quiet but steady improvement as biotech sentiment firms. Healthcare REIT WELL was also lifted to Buy by Freedom Broker, though no prior target was on record.

Natural gas producer EQT had its target cut to $77 from $81, despite retaining a buy rating. The trim tracks broader pressure on gas prices this quarter.