Analysts reshuffled targets across retail, infrastructure, and energy on Wednesday. The moves paint a mixed picture heading into late May.
TGT took the biggest hit in retail. Consensus target prices fell to $127.00 from $127.38. The cut follows a rough quarter for the big-box retailer. LOW also saw its average target slip to $277.41 from $279.76, with sell-side conviction tilting cautious on home improvement spending.
The sharpest structural call came at CCI. Crown Castle was downgraded by at least one firm, moving the consensus from Hold to a more negative tilt. The cell tower owner trades at a $40.3B market cap. Analysts appear worried about tower demand softening as carrier capex cycles slow.
In a contrarian move, KEYS picked up a new recommendation. The new initiation pushed the average target to $371.46 — a significant premium to the prior $331.85 consensus. Keysight makes test and measurement equipment. Demand from AI infrastructure build-outs could be a tailwind here.
Energy names mostly got target bumps. EOG, , and all saw small upward revisions. Analysts appear more comfortable with oil prices after recent stabilisation.
TJX was a rare bright spot in retail, getting a nudged-up target to $172.50. Its off-price model continues to attract analyst favour as consumers trade down.
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.
