NOW ServiceNow absorbed a brutal target cut from Citigroup today. Tyler Radke slashed his price to $177 from $237 representing a 25% reduction. The $177 target sits far below consensus at $42 buys versus four holds. The AI workflow platform faces fresh skepticism despite maintaining buy rating.
VLO Valero Energy surged on opposite momentum. Vikram Bagri at Citi boosted the refiner target to $246 from $212 as oil chaos persisted. Crude demand plunged 3.4% in March per IEA data yet refining margins stayed elevated. The energy name grabbed 34% upside to target.
AMT American Tower caught a rare upgrade shifting consensus to eight holds from seven. The $215 target stayed flat as the cell tower REIT navigated rate pressure. SBAC SBA Communications saw its target rise to $228 from $227.
BXP BXP absorbed a $10 target cut to $58 from Nick Joseph at Citi as office REIT concerns intensified. The Boston Properties downgrade reflected persistent commercial real estate weakness.
Wall Street banks posted record Q1 profits exceeding $25B per FT reporting as Iran war trading volumes exploded. Analyst activity accelerated across energy and infrastructure sectors.
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.
