AMD dominated analyst activity on Wednesday. JP Morgan's Harlan Sur lifted his target to $385 from $270. Cantor Fitzgerald's C.J. Muse went even further, raising his target to $500 from $450. Both kept Buy ratings. AMD shares have been buoyed by strong data centre demand.
Monster Beverage received a noteworthy upgrade. Rothschild & Co's Charlie Higgs moved the stock to Buy from Hold. He raised his target to $90 from $76. That is an 18% target hike alongside the rating lift — a meaningful double move.
Cummins also got a boost. Morgan Stanley's Angel Castillo raised his target to $752 from $675 and kept a Buy rating. That is a $77 price target jump. The industrial engine maker has benefited from resilient truck demand.
ConocoPhillips saw its consensus target price edge up to $140.59. Energy names have drawn attention amid oil price volatility.
Skyworks Solutions attracted one of the biggest percentage target upgrades in the batch. The consensus target rose to $73.63 from $67.21. That is a nearly 10% lift. Bears on the chip supplier have eased after its latest results.
Palantir saw a consensus upgrade — moving from Hold to Buy territory. The data analytics firm's consensus target now sits at $181.73.
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