Analysts raised price targets on three notable names this weekend. W.W. Grainger led the pack with a consensus target jump to $1,252, up from $1,217. The industrial distributor carries a $58B market cap and low short interest of 2.6% of free float — bulls are firmly in control.
Targa Resources also earned a target bump, with the consensus now at $269.95 versus $269.70 previously. The midstream gas giant, worth $53B, has near-universal Buy coverage — 20 out of 22 analysts rate it a buy. Short interest sits at just 2.1%.
eBay saw its average target climb to $106.83, up from $105.94. The e-commerce platform has 19 Hold ratings and 2 Buys — cautious, but the upward nudge signals growing confidence after recent earnings.
On the other side, utilities faced broad target cuts. Duke Energy, DTE Energy, WEC Energy Group, , and all saw modest target trims — a sector-wide reset likely tied to rising rate concerns denting regulated utility valuations.
Cognizant also took a small target cut to $73.79, reflecting continued IT services headwinds.
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.
