Analysts raised price targets on several names Friday. The moves highlight growing confidence in industrials and alternative asset managers.
Hubbell Incorporated saw its consensus target jump to $547 from $539. The electrical products maker has a $27B market cap. Short interest sits at just 4.8% of free float — bears are not pressing the stock.
Trane Technologies also attracted upward revisions. The consensus target rose to $515.50 from $509.90. Trane's $109B valuation reflects its dominant position in HVAC. Short sellers have barely 1.7% of free float on loan.
Ares Management got a lift too. The average target climbed to $142.47 from $141.70. The alternative asset manager carries 6.6% short interest — modest for the sector.
On the downside, Freeport-McMoRan saw its average target trimmed to $67.52 from $67.57. Copper price uncertainty is weighing on analyst views. CoStar Group also had its target cut to $50.22 from $51.22.
JPMorgan Chase bucked the financial sector caution. Its consensus target rose to $341.23, up from $340.45. Coca-Cola rounded out the upgrades, with its target nudging to $85.76 from $85.54.
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.
