Analysts upgraded target prices across retail, fintech, and real estate on Monday, with Ross Stores and Block, Inc. drawing the most notable moves.
UBS lifted its Ross Stores target to $227 from $208. The off-price retailer carries a $68.5B market cap. Analyst Jay Sole maintained a Hold rating but the 9% target bump signals growing confidence in resilient discount spending.
Canaccord Genuity raised its Block target to $85 from $80. Analyst Joseph Vafi kept a Buy rating on the payments firm. Block trades at a $37.7B market cap with short interest at just 3.9% of free float.
Viatris saw its consensus target price climb to $18.06 from $17.17. The generic drugmaker's stock trades well below that level. Analysts remain cautious overall, with 6 Sell recommendations versus just 1 Buy.
In real estate, UBS raised targets for both Simon Property Group and Regency Centers. Simon's target moved to $199 from $189. Regency's target jumped to $81 from $75.
Defense names saw cuts. Consensus targets edged lower for both Lockheed Martin and Northrop Grumman, reflecting continued pressure on defense spending outlooks.
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