JPMorgan analyst Tami Zakaria cut URI United Rentals target to $850 from $970. The equipment rental giant faced a $120 downgrade showing waning confidence. The analyst maintained buy rating despite lowering expectations.
ITW Illinois Tool Works absorbed a target cut to $303 from $327. JPMorgan trimmed the industrial name as manufacturing headwinds persisted. The $94B conglomerate held buy rating with reduced upside.
WAB Westinghouse Air Brake fell to $280 from $290. The rail equipment maker saw modest downgrade despite transport sector strength. Analyst shifted to hold showing neutral stance.
WM Waste Management bucked the trend gaining target lift to $270 from $265. JPMorgan raised the $88B waste services giant on defensive positioning. Buy rating stayed intact.
URI led target cuts among industrials. The $122B rental operator fell 12% despite strong buy consensus. DE Deere climbed to $550 from $525 as agriculture equipment showed resilience.
STZ Constellation Brands consensus rose to $176 from $174. Barclays lifted target to $170 from $151 on spirits strength. COST Costco drew hold initiation at $1000 from DA Davidson.
Industrials absorbed systematic downgrades while consumer staples held firm.
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.
