Wall Street delivered a mixed bag of calls on Tuesday. Three stocks drew the most attention from the analyst community.
FOXA picked up an upgrade as analysts turned more bullish on the media group. The stock carries a short interest of 15.3% of free float — a notable level for a $10 billion company. The upgrade pushed the consensus hold count from eight to seven analysts.
PANW got the biggest price target move of the day. BTIG analyst Gray Powell raised his target to $380, up from $333, while keeping a Buy rating. The consensus average target now sits at $315. Palo Alto's $270 billion market cap makes this one of the largest cybersecurity names globally.
SPG was hit with a downgrade. The $74 billion mall REIT saw its consensus buy count fall from nine to eight analysts. Simon Property shares remain lightly shorted at just 3.6% of free float. Analysts appear cautious on retail real estate despite the company's dominant market position.
Elsewhere, NTAP saw its consensus target lift to $175.69 from $171.75 after a fresh price target increase. ON moved in the opposite direction, with its average target trimmed slightly to $113.
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