JP Morgan issued two of the boldest target price upgrades seen this week. Both signals point to confidence in infrastructure and industrial names.
Quanta Services received the sharpest lift. JP Morgan analyst Mark Strouse raised his target from $627 to $805 — a 28% jump. The firm kept its Buy rating. Quanta carries a $109 billion market cap. Short interest sits at just 3.3% of free float. Bears are not pressing hard here.
Caterpillar got an equally aggressive call. JP Morgan lifted its target from $860 to $1,125, up 31%. The $414 billion industrial giant has short interest below 2% of free float. The market clearly views CAT as a macro recovery play.
Elsewhere, AMD saw RBC Capital raise its target from $230 to $325. The analyst held a Hold rating. That gap between a bullish target and a neutral rating is worth watching.
Arthur J. Gallagher was the session's notable downgrade. Piper Sandler cut its target from $226 to $211 and moved to Hold. Insurance brokers face margin pressure in the current rate environment.
Apple saw Wedbush's Dan Ives reiterate his Buy at a $350 target. No change — but the vocal support holds the floor on sentiment.
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.
