Analyst desks were busy on Tuesday. Target price cuts hit industrials. But asset managers collected upgrades.
Franklin Resources and Invesco both received upward target price revisions. Franklin's consensus target moved to $27.32 from $26.68. Invesco's rose to $27.86 from $27.00. Both stocks sit under pressure — Franklin carries nearly 8% short interest as a share of free float.
Centene Corporation got a target price lift too. The managed care insurer's average analyst target climbed to $44.76 from $43.47. That's notable given recent turbulence in the healthcare sector.
On the downside, water technology firm Xylem had its target trimmed to $152.82 from $154.00. Pentair also suffered a cut. Its consensus target fell to $107.37 from $110.00. Both face headwinds from slowing industrial spending.
General Motors saw a recommendation removed from its consensus. The automaker's average target held near $93.84. Tariff uncertainty continues to cloud the auto outlook.
American Express and Hilton Worldwide both saw modest target price bumps. Analysts appear more comfortable with consumer-facing names as spending data holds up.
S&P Global took a small target cut to $534.67, though its buy consensus remains rock solid with 23 analysts still rating it a hold or better.
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.
