BIIB Biogen grabbed a rare upgrade today. Wells Fargo's Mohit Bansal lifted the stock to buy from hold. The target jumped to $250 from $200. The $27B biotech saw 17 hold ratings and just one buy showing muted Wall Street conviction before today's shift.
NXPI NXP Semiconductors absorbed a Wells Fargo downgrade. Joe Quatrochi cut to hold from buy slashing the target to $235 from $265. The chip name held 26 sell ratings demonstrating heavy skepticism. The move came as semiconductor stocks faced renewed pressure.
JBL Jabil surged on a massive target hike. Bank of America's Ruplu Bhattacharya raised his price to $354 from $295. The electronics manufacturer held just two hold ratings with nine sells. The 20% target boost reflected growing conviction in manufacturing momentum.
EXC Exelon consensus rating dropped from hold to sell. The $49B utility saw its average target fall to $50.52 from $50.82. Fifteen hold ratings remained but sell coverage increased to four from three positions.
Homebuilders absorbed target cuts. PHM PulteGroup fell to $140 from $145. NVR dropped to $8,225 from $8,600. Both maintained buy ratings despite reduced upside expectations.
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