Downgrades Hit Fox, Blackstone, and Corning

Three notable downgrades landed Monday as analysts reassessed media, finance, and tech names heading into mid-June.

FOXA took the sharpest hit. Fox Corporation was downgraded twice in quick succession. The consensus rating slipped from 8 holds and 10 buys to 9 holds and 8 buys. The average target price fell from $73.94 to $72.07. Fox carries short interest of 14% of free float — notably high for a media name.

BX also drew a downgrade. Blackstone lost a buy rating from at least one firm. The $92 billion asset manager now shows zero buy recommendations in the updated consensus. Analysts have shifted to a predominantly hold view.

GLW — Corning — was downgraded too. The fiber optics giant shed its last buy rating. Consensus moved from one buy to zero. Target price sits at $198.

On the positive side, cruise lines caught fresh tailwinds. RCL and NCLH both received target price increases. Royal Caribbean's average target rose to $336.85. Norwegian Cruise Line climbed to $21.25.

Palantir Technologies attracted a new analyst recommendation. Its consensus now shows 19 stocks under coverage with the average target near $182.75.