Wall Street delivered a flurry of rating actions on Tuesday. The most notable downgrade hit ODFL. Old Dominion Freight Line was cut by the consensus, moving one analyst from Hold to Sell. The average target slipped to $203.30 from $203.67. Freight names are under pressure as tariff uncertainty clouds shipping volumes.
Semiconductors drew split views. JP Morgan's Harlan Sur lifted his target on NXPI to $295 from $250, keeping a Hold. Bernstein's Stacy Rasgon matched the bullish tone, raising his target to $270 from $240, also Hold. Two upgrades on the same day signal improving sentiment for the chip maker after a rough quarter.
Gold miners got a boost. NEM saw its consensus target nudge up to $143.96. Gold's rally above $3,300 is drawing fresh analyst attention to Newmont.
NUE received a rare bullish call. JP Morgan's Bill Peterson raised his target to $240 from $212 on the steel giant. Nucor trades near multi-year lows, making the upside implied by that target notable.
UPS and both saw modest target cuts from UBS. Both remain buys but the trim reflects caution on consumer spending durability heading into summer.
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