BofA and Citi upgrade Humana and Ford respectively, citing margin improvements and momentum shifts, while Caterpillar faces a downgrade.
BofA upgraded Humana to Buy with a $500 price target, up from $410, after the firm noted Medicare Advantage margins could reach nearly 2% in 2026. A move to 3% margins would add $10 to earnings per share.
Citi upgraded Ford to Buy, raising its price target to $20 from $19, as only three of 18 covering analysts currently rate the stock a Buy. The firm highlighted improving momentum for the automaker. Meanwhile, Baird downgraded Caterpillar, though details remain undisclosed.
Other notable upgrades include Bloom Energy, Texas Instruments, and Cheesecake Factory, with price targets set at $290, $405, and $80 respectively. Texas Instruments is projected to grow revenue to $34B by fiscal 2028, with $17 in earnings per share.