Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Citigroup made bold moves across three sectors in one session. The bank raised its target on GM to $131 from $108. It also lifted Ford to $19 from $13. Both upgrades follow easing trade war fears on US auto tariffs.
Barclays made the most eye-catching call of the day. Analyst Tom O'Malley raised his target on Intel to $100 from $65. That is a 54% target hike. Intel's market cap stands at $576 billion. Short interest is a light 2.8% of free float.
Citigroup initiated AppLovin with a Buy rating and a $710 target. APP carries a $187 billion market cap. The ad-tech firm has just 5% of its free float sold short.
On the downside, UBS cut its target on lululemon to $153 from $176. Analyst Jay Sole kept a Hold rating. The move comes as the athleisure brand faces slowing consumer demand. Citigroup also trimmed its target on to $195 from $215, maintaining a Hold.
The consensus on Abbott Laboratories was upgraded. MGM Resorts saw its consensus slip one notch to a mild downgrade, with the average target barely moving to $44.84.
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.
