Analysts nudged up price targets on several major commodity-linked stocks this week. The moves reflect growing confidence in energy infrastructure and gold miners.
Targa Resources saw its consensus target rise to $283.50 from $282.25. The midstream gas giant carries a $54.7bn market cap. All 19 covering analysts rate it a Buy. Short interest sits at just 2.1% of free float — few bears in sight.
Newmont Corporation got a similar boost. The average target lifted to $143.05 from $142.81. Gold's sustained strength is driving the upgrades. Newmont's $117bn market cap makes it the world's largest gold miner. 18 analysts rate it Buy.
Devon Energy also saw target creep higher, to $61.24 from $61.12. All 20 covering analysts remain bullish. Devon's short interest is just 2.4% of free float.
The medical device space saw notable churn. Analysts dropped recommendations on Stryker, DexCom, Insulet, and . Stryker's consensus target edged down to $389.24. Multiple changes hit , where the buy count fell from 29 to 27 analysts.
The pattern is clear: commodity names are attracting fresh optimism. Healthcare devices face a more cautious street.
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.
