Bank of America dealt Leidos Holdings the sharpest blow in today's analyst activity. BofA's Mariana Perez slashed her price target from $200 to $125 — a $75 drop — while cutting the rating from Buy to Hold. The defense IT firm carries a $14.4 billion market cap. The downgrade also dragged the consensus rating lower, with Hold recommendations now outnumbering Buys 9 to 8.
IQVIA Holdings saw its analyst consensus downgraded as well. The clinical research group's average target fell from $227 to $226. Buy ratings slipped from 20 to 19. The $29.8 billion company has faced pressure across the life sciences services sector.
On the brighter side, CSX Corporation got a target boost from BofA's Ken Hoexter. He raised his price target to $53 from $51, keeping a Buy rating. The freight rail operator has been a steady beneficiary of improving intermodal volumes.
Coinbase Global attracted fresh coverage from Needham. Analyst John Todaro initiated with a Buy and a $220 target. Cadence Design Systems also saw its consensus target edge higher to $387, reflecting continued confidence in EDA software demand.
The dominant theme today is defense and healthcare services facing analyst caution, while financials and tech continue to attract positive calls.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
