Analysts delivered a mixed batch of calls on Wednesday. Downgrades and target price cuts dominated several key names.
Freight under pressure. ODFL — Old Dominion Freight Line — was downgraded outright. The consensus target fell to $204. That follows a rough stretch for trucking as tariff uncertainty hits freight volumes. Short interest sits at 5.9% of free float, suggesting some bearish positioning already.
Medtech gets trimmed. ZBH — Zimmer Biomet — saw its target cut from $101 to $98. The orthopaedic device maker carries a $16B market cap. Analysts remain cautious on hospital procedure volumes and cost pressures.
Defense gets a lift. GD — General Dynamics — bucked the trend. Analysts raised the target to $395. Defence budgets are rising globally. General Dynamics builds submarines and business jets. Short interest is just 1.2% of free float — bears are largely absent.
Insurance softens. ALL — Allstate — saw its consensus target tick down to $239. Analysts also raised targets on connector maker to $174 and utility to $118.
Amazon AMZN had a recommendation removed, leaving 61 buys in consensus with a $283 average target intact.
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.
