Analyst target prices shifted sharply across sectors on Wednesday. Storage giant STX received one of the biggest upgrades of the day. The consensus target rose to $584.61 from $558.25 — a jump of more than $26. Seagate's market cap sits at $133bn. Short interest is low at 3.7% of free float.
FFIV also drew positive attention. F5's consensus target climbed to $317.90 from $314.40. The networking security firm carries a $15.5bn market cap. Only five sell ratings sit on the stock versus 13 holds.
Medical devices took the other direction. ZBH saw its consensus target cut to $100.52 from $101.43. Analysts have 17 holds and just eight buys. Zimmer Biomet has a $17.9bn market cap. The downward target revision follows a tough stretch for orthopaedic device makers.
UHS also saw its target trimmed. Universal Health Services fell to $235.59 from $237.18. Hospitals face pressure from policy uncertainty.
On the bright side, TMUS and NUE both received target increases. T-Mobile's consensus target edged up to $268.68. Nucor's target rose more notably, to $214.17 from $208.01 — a $6 lift for the steelmaker.
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.
