LYB LyondellBasell soared to a $77 target from $52 at Morgan Stanley today. Vincent Andrews upgraded the $24B chemicals maker citing improved refining margins. The 48% target jump marked the most dramatic bullish call this week.
CL Colgate-Palmolive climbed to buy from hold at Rothschild. Edward Lewis set a $100 target up from $93 as the consumer staples giant gained defensive appeal. The $85B household name held 12 buy ratings showing broad support.
ABBV AbbVie drew fresh coverage from Canaccord Genuity. Gary Nachman initiated at buy with a $262 target on the $331B pharma titan. AMGN Amgen received hold coverage from the same analyst with a $366 target reflecting caution.
HLT Hilton grabbed a $363 target from JP Morgan up from $350. Daniel Politzer maintained buy on the $55B hotel operator despite travel sector volatility. Iran ceasefire uncertainty weighed on leisure names.
KKR KKR absorbed a sharp target cut to $153 from $177 at Morgan Stanley. Michael Cyprys kept buy yet trimmed expectations as private equity multiples compressed. The $145B alternative asset manager faced valuation pressure.
Chemicals and consumer staples drew upgrades while financials absorbed cuts reflecting defensive rotation.
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