Truist Securities launched energy coverage with multiple initiations today. EXE Expand Energy grabbed a buy rating with $136 target showing aggressive positioning. The natural gas producer secured bullish conviction amid volatile energy markets.
OXY Occidental Petroleum received hold coverage at $65. OKE ONEOK drew hold at $91. KMI Kinder Morgan got hold at $38. The pipeline and midstream names faced cautious analyst stances despite oil spiking above $100.
BG Bunge Global jumped to buy at JP Morgan. Thomas Palmer raised target to $134 from $130 showing agricultural commodities strength. LW Lamb Weston absorbed downgrade to hold with target slashed to $44 from $50.
ADM Archer-Daniels-Midland received rare sell rating upgrade at JP Morgan. Palmer lifted target to $65 from $61 despite maintaining negative stance. The agricultural processor faced persistent analyst skepticism.
PGR Progressive consensus target dropped to $232.70 from $232.81 showing minimal change. CMCSA Comcast consensus fell to $32.92 from $33.01. Both faced marginal target compression as defensive rotation accelerated.
Energy initiation wave contrasted with consumer staples pressure.
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.
