Retail Flip and a DuPont Bombshell Lead Analyst Day

Wolfe Research made a sharp call in retail today. Analyst Spencer Hanus upgraded TGT from Hold to Buy. Simultaneously, he cut HD from Buy to Hold. The switch suggests Wolfe sees Target's value case as more compelling. Home Depot's premium valuation may be getting harder to justify.

The biggest target price move of the day belongs to DD. Morgan Stanley's Vincent Andrews lifted his price target on DuPont de Nemours to $156 from $52. That is a three-fold jump. Andrews kept his Hold rating, but the scale of the revision signals a major reassessment of DuPont's business after its recent structural reorganisation.

Morgan Stanley also raised its target on IBM to $267 from $225. Erik Woodring maintained a Hold but cited improving AI-services momentum.

BNP Paribas initiated NKE with a Sell and a $23 target. That is well below current trading levels. The bank flagged weak US brand momentum and margin pressure as key risks.

On the chip side, the consensus target on AMD rose to $495.92 from $487.90. Analyst sentiment on AMD remains firmly bullish, with 42 Buy ratings against zero Sells.