Jefferies analyst David Chiaverini launched coverage on four major banks today. BAC Bank of America grabbed a buy rating with a $60 target. PNC PNC Financial also earned buy status with a $250 price target.
USB U.S. Bancorp landed hold with a $55 target. TFC Truist Financial absorbed the rare sell rating at $35. The simultaneous coverage drop highlighted diverging regional bank outlooks.
GPN Global Payments suffered a Raymond James downgrade to hold from buy. John Davis cut his recommendation as the $27B payments processor faced margin pressure. Consensus held 18 hold ratings against just one sell.
HII Huntington Ingalls saw its consensus target rise to $405 from $403. The $16B defense shipbuilder held analyst support with two buy ratings and six holds. Defense stocks sustained momentum amid Middle East war escalation.
Monster Beverage consensus target fell to $87.07 from $87.46. The $46B energy drink maker faced eleven hold ratings. American Tower consensus dipped to $215.38 from $216.52 as REIT caution persisted.
ROST Ross Stores earned a Telsey Advisory buy rating with a $240 target. The off-price retailer held defensive appeal.
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