Scotiabank made the boldest call of the day. Analyst Patrick Colville raised his target on DDOG from $225 to $275. That is a 22% jump. He maintained his Buy rating on the cloud monitoring firm, which carries a $75B market cap.
Citigroup upgraded ALB to Buy from Hold. Analyst Patrick Cunningham set a $225 target on the lithium giant. It is a notable shift. Albemarle has faced pressure from weak lithium prices. Short interest sits at 9.1% of free float, suggesting bears still have a presence.
Prologis was downgraded by consensus. PLD slipped to a majority Sell from Hold. The logistics REIT faces headwinds as industrial real estate cools. Its target price barely moved, settling at $152.
ACN saw its consensus target trimmed to $217 from $228. The IT services giant trades near $96B in market cap. Analysts appear cautious after its latest quarterly results disappointed on revenue guidance.
Franklin Resources won an upgrade. The asset manager gained one Buy rating, lifting consensus slightly bullish. Shares have struggled this year amid fee pressure across active fund management.
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