Analysts fired off a wave of target price increases Friday, with one move standing out above the rest.
Truist Securities lifted its target on KEYS to $376, up from $310 — a 21% jump. Truist maintained a Hold rating but the size of the move signals growing confidence in the test-and-measurement equipment maker. Keysight carries just 1.4% SI % FF, suggesting short sellers are not betting against the recovery.
ROST attracted the most attention from the Street. Three firms lifted targets after the discount retailer reported results. Truist's Joseph Civello raised his target to $290, keeping a Buy. UBS followed at $232. The consensus average target rose to $256 from $244.
WDAY was the lone notable loser. The consensus target dipped to $175 from $178 after recent results disappointed. Workday carries 13.7% SI % FF — one of the heavier short loads in software — suggesting the bears are not backing off yet.
RL got a boost from Wells Fargo. Ike Boruchow lifted his target to $415 from $400. WMT also saw a small consensus target rise, to $138 from $137, reflecting continued faith in the retail giant's defensive earnings profile.
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