Wall Street Eyes Aerospace and Photonics

Howmet Aerospace picked up an upgrade from analysts today, with the consensus target price moving to $296 from $307. The stock carries a $79 billion market cap and short interest of just 2.6% of free float. Analysts are broadly bullish, with 18 buy ratings against just two holds and no sells.

Lumentum saw multiple analyst changes at once. The average target price fell to $1,123 from $1,166, a drop of roughly $43. Five of the coverage changes were buys against no sells. Short interest sits at 8.9% of free float, and the cost to borrow is 0.48%, suggesting limited bearish pressure despite the target cuts.

Elsewhere, Allegion received a target price lift to $194 from $190, while Marriott International saw its target raised to $391 from $388.

On the downside, Emerson Electric had its target trimmed slightly to $175. Interactive Brokers also saw a small target cut, to $104 from $105. Both are modest moves rather than strong signals.

IDEXX Laboratories gained a target increase to $695. The veterinary diagnostics firm holds a consensus skewed heavily toward buys, with eight buy ratings and one sell.