XOM Exxon Mobil grabbed a massive $172 target from Morgan Stanley's Devin McDermott today. The jump from $134 came as oil prices soared past $100 amid Iran war chaos. Consensus target rose to $156 from $155 showing broad bullish revision.
COP ConocoPhillips saw McDermott boost his target to $149 from $108. The 38% hike reflected renewed conviction in integrated energy names. EXE Expand Energy consensus target ticked up to $133 as natural gas plays gained traction.
APA APA Corporation received a dramatic $43 target from Morgan Stanley despite a sell rating. The price doubled from $22 as analysts acknowledged oil rally momentum even while cautious on execution.
Materials absorbed fresh cuts. NEM Newmont dropped to $140 from $150 at UBS as Daniel Major trimmed gold miner expectations. FCX Freeport-McMoRan fell to $66 from $70 in another UBS reduction.
PWR Quanta Services got upgraded as consensus flipped one hold to buy. The infrastructure builder consensus target hit $583 as grid modernization spending accelerated.
Energy dominated upward revisions as Iran conflict entered week three. Ships foregoed cargo to carry fuel as freight costs spiked $5B industrywide.
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