JP Morgan lifted utility targets across the board today. SRE Sempra jumped to $106 from $98. PCG PG&E rose to $24 from $21. EIX Edison International climbed to $74 from $66. The sector grabbed defensive rotation flows as oil chaos persisted.
VRTX Vertex Pharmaceuticals earned an upgrade pushing consensus higher. The $70B biotech now holds 26 buy ratings versus 4 holds. Target price held steady at $546 showing analyst conviction.
LULU Lululemon absorbed another cut. JP Morgan dropped target to $196 from $209 maintaining hold. The athletic apparel name faced mounting pressure with 29 hold ratings versus zero buys.
IBM IBM suffered a major downgrade. JP Morgan slashed target to $283 from $317 keeping hold. The tech giant held 10 sell ratings showing skepticism.
STLD Steel Dynamics fell to hold at JP Morgan. Target dropped to $192 from $194 as industrial names faced demand concerns.
FTV Fortive grabbed a boost. Morgan Stanley raised target to $58 from $53 maintaining hold as the industrial conglomerate showed resilience.
Utilities dominated positive revisions while tech and retail absorbed fresh cuts.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
