Wolfe Splits on Retail; DuPont Gets Monster TP Hike

Wolfe Research made a bold sector rotation call today. Analyst Spencer Hanus upgraded TGT to Buy while simultaneously downgrading HD to Hold. The move signals a shift in preference toward discount retail over home improvement spending. Target carries a short interest of just 3.5% of free float. Home Depot had been a long-time Street favourite.

The day's biggest single move belongs to DD. Morgan Stanley's Vincent Andrews lifted his price target on DuPont de Nemours from $52 to $156 — a three-fold jump. The call coincides with DuPont completing its separation into independent businesses. Short interest in DuPont sits at a modest 3% of free float, suggesting little bearish pushback so far.

Morgan Stanley's Erik Woodring also raised his target on IBM from $225 to $267, maintaining a Hold rating. He lifted DELL targets too, from $448 to $477.

NKE drew a fresh Sell initiation from BNP Paribas at a $23 target. That is well below the current price. Nike's short interest stands at roughly 4% of free float — bears are already positioned.

Telsey Advisory Group upgraded RL to Buy with a $460 target. Ralph Lauren has benefited from resilient luxury spending this year.

On the chip side, the analyst consensus target for AMD crept up to $496, reflecting continued optimism around AI-driven demand.