Analysts Split on Retail and Airlines

Tractor Supply felt the sharpest pain Monday. Two analysts cut TSCO to Hold in quick succession. Truist Securities slashed its target from $44 to $32. Piper Sandler followed, also cutting to $32 from $36. That is a 27% target reduction from Truist in a single move. The $16.2B retailer now has zero Buy ratings and 16 Sells on record.

lululemon athletica also saw its consensus target trimmed, falling to $133.74 from $135.74. The athletic wear brand carries 7.1% short interest as a percentage of free float. Bears remain active despite a $12.6B market cap.

On the brighter side, Southwest Airlines earned a Jefferies upgrade. Analyst Sheila Kahyaoglu raised her target to $44 from $37. That is a 19% target increase. Southwest's short interest sits at 6% of free float.

Salesforce drew two fresh Buy initiations on the same day. Needham set a $400 target. Canaccord Genuity added a separate Buy at $225 — a notable split in conviction between the two firms.

Amazon saw its consensus target tick up to $312.99 from $312.51, supported by 63 Buy ratings. The mega-cap remains a near-unanimous Street favourite.