Tractor Supply Slashed, Southwest Upgraded

Analysts cut their targets on TSCO hard today. Both Truist Securities and Piper Sandler moved to Hold, slashing their price targets dramatically. Truist dropped its target from $44 to $32. Piper Sandler cut from $36 to $32. That's a 27% and 11% reduction respectively. Tractor Supply carries a $16B market cap and short interest sits at 4.7% of free float.

Southwest Airlines got a rare bright spot. Jefferies analyst Sheila Kahyaoglu upgraded the stock and raised her target to $44 from $37. That's a 19% target jump. Southwest's market cap stands at $22.5B, with short interest at just 6% of free float.

Salesforce drew double Buy initiations in quick succession. Needham's Scott Berg set a $400 target. Canaccord Genuity's David Hynes initiated at Buy with a $225 target. The wide gap between these targets — $175 — reflects genuine disagreement on valuation. CRM trades at a $134B market cap with short interest at 6.7% of free float.

Amazon saw the consensus target nudge up to $312.99 from $312.51. Small move, but the consensus remains firmly bullish with 63 Buy ratings and zero Sells.

Yum! Brands received a fresh Buy from TD Cowen at a $180 target, adding to a broadly positive analyst picture for the fast food giant.