Coming off a 29-28 loss to the Indianapolis Colts on Sunday, the Denver Broncos are now ranked No. 16 in Nate Davis’ latest NFL power rankings for USA TODAY Sports. That’s down four spots from last week when the Broncos were ranked No. 12.

Here is Davis’ commentary on Denver following Week 2:

Probably not a surprise that QB Bo Nix is heavily targeting his former Oregon teammate Troy Franklin, who has nearly twice as many catches (12) and receiving yards (133) as the next-closest Bronco.

Elsewhere in the AFC West, the Los Angeles Chargers are ranked No. 6, the Kansas City Chiefs are ranked No. 8 and the Las Vegas Raiders are ranked No. 23. The Broncos are set to go on the road to face the Chargers at SoFi Stadium in Week 3.

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The Philadelphia Eagles are ranked No. 1 and the Miami Dolphins are ranked No. 32 (last). To view the complete NFL power rankings going into Week 2, visit USATODAY.com.

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This article originally appeared on Broncos Wire: NFL power rankings: See where the Broncos rank after Week 2