Analysts Cut Targets on ACN and LULU

Analyst sentiment turned cautious on several names today. Accenture saw its consensus target price fall to $200.89 from $208.16. That is a drop of over $7. The IT services giant carries a market cap near $96 billion. Short interest stands at 4.4% of free float.

lululemon athletica also drew fresh target cuts. The consensus price fell to $132.16 from $133.74. With 30 Hold ratings and just one Sell, the street remains cautious but not outright bearish. Short interest sits at 7.5% of free float.

On the bullish side, Albemarle — the lithium miner — received a target upgrade to $214.65 from $213.97. It is a small move. But it signals stabilising sentiment after a brutal stretch for lithium prices. The stock carries 9.1% short interest.

Eli Lilly also got a target lift. The consensus rose to $1,218.72 from $1,215.79. With 22 Buy ratings and only one Sell, analyst support remains near-universal.

CDW Corporation received a fresh initiation. New target sits at $142.00. The IT solutions reseller now has six Buy-side recommendations against four Holds.

Datadog also attracted a new recommendation. Consensus target stands at $241.36. Forty-three analysts rate it a Buy.