Analysts raised price targets across industrials and financials this week. The moves follow a busy earnings season. Several names stand out for the size of the upgrades.
Hubbell Incorporated saw its consensus target jump to $547 from $539. The electrical products maker carries a market cap of $26.9B. Short interest sits at just 4.8% of free float — bears are not pressing hard here.
Trane Technologies also got a boost. The consensus target rose to $515 from $509. The HVAC giant trades near $109B in market cap. Short sellers are barely present at 1.7% of free float.
Ares Management picked up a target lift to $142 from $141. The alternative asset manager has seen SI % FF at 6.6%. Analysts remain mostly bullish — 11 buys versus zero sells.
On the downside, Freeport-McMoRan and Martin Marietta Materials both saw small target cuts. FCX's consensus target slipped to $67.52 from $67.57. MLM dropped to $689 from $692.
Ford Motor also took a small target trim to $13.73. The auto giant has 15 holds on the Street — Wall Street is sitting on the fence.
Coca-Cola rounded out the upgrades. Its consensus target ticked up to $85.76. The defensive staple continues to attract steady analyst support with 18 buys.
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.
