Analysts raised price targets across energy and materials on Friday, with the commodity complex drawing fresh bullish calls.
TRGP — Targa Resources — saw its consensus target edge up to $283.50. The midstream operator has a market cap of $54.7 billion. Short interest remains light at just 2.1% of free float, suggesting the street is not fighting the upgrade.
Gold miner NEM — Newmont Corporation — also attracted upward target revisions. The consensus price target now sits at $143.05, with 18 buy-equivalent ratings out of 22 analysts. Newmont's $117 billion market cap makes it the largest US-listed gold miner. The move comes as gold prices stay elevated.
DVN — Devon Energy — rounded out the energy theme. Analysts pushed the average target to $61.24. Twenty analysts carry buy ratings. Short interest is low at 2.4% of free float.
In healthcare, analysts removed recommendations on several med-tech names. MDT, EW, , and all saw recommendation removals. — Boston Scientific — faced multiple changes. — Stryker — saw a small target trim to $389.24.
The pattern is clear. Analysts are warming to commodity-linked names while pausing on healthcare devices.
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.
