Analysts raised targets across energy and mining this week. The moves signal growing confidence in commodities despite broader market uncertainty.
TRGP led the charge. Targa Resources saw its consensus target price climb to $283.50, up from $282.25. The midstream gas giant carries a $54.7 billion market cap. Nineteen of 21 covering analysts rate it a buy.
NEM also drew fresh upgrades. Newmont's consensus target rose to $143.05. Gold prices remain elevated, and Newmont's $117 billion market cap makes it a top proxy for the metal. Eighteen analysts back it with a buy rating.
DVN posted the sharpest move among energy names. Devon Energy's consensus target edged up to $61.24. Twenty analysts now hold buy ratings on the oil producer.
The medical device sector told a different story. Analysts dropped recommendations on several names including MDT, EW, and ABT. saw its target nudged lower to $389.24 from $389.43. These removals may reflect portfolio rebalancing rather than negative outlooks.
The split between energy upgrades and medtech resets points to a broader rotation. Commodity-linked names are attracting fresh analyst enthusiasm while healthcare devices face quieter periods ahead.
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.
