Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
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, ZBH, and ABT all saw recommendation removals. BSX — Boston Scientific — faced multiple changes. SYK — 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 and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
