Analyst desks were busy Monday, with notable upgrades, downgrades, and target price revisions across several sectors.
Insurance reshuffled. PRU — Prudential Financial — took a consensus downgrade, with the average target price sitting at $101. Two analysts now rate it a sell, up from one previously. Meanwhile, AJG — Arthur J. Gallagher — got a fresh upgrade. Its average target moved to $262. Analysts are clearly rotating within the insurance space.
West Pharma upgraded. WST earned an upgrade today. The $22bn pharma packaging specialist now has a consensus average target of $359. Short interest sits low at just 3.3% of free float — bears are not a concern here.
Robinhood targets rise. HOOD saw its analyst target nudge up to $100. The stock carries a $65bn market cap. Nineteen analysts rate it a buy. That bullish skew is striking for a retail brokerage platform.
Tech giants steady. GOOGL received another target price increase, lifting the consensus average to $432. All 54 covering analysts rate it a buy or hold.
Chip equipment gets a lift. LRCX — Lam Research — saw its average target raised to $318. The semiconductor equipment firm holds 29 buy ratings versus just one sell.
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