Analysts turned bearish on chemicals Tuesday. Dow Inc. was downgraded, with the consensus target price cut from $41.88 to $40.06. The move reflects mounting pressure on commodity chemicals amid weak industrial demand.
LyondellBasell Industries also saw its target slashed — from $79.59 to $75.29. Two major chemicals names taking cuts on the same day signals sector-wide caution.
NIKE faced fresh pressure too. Analysts trimmed the average target to $55.07, down from $55.22. The consensus sits at 24 holds against just 12 buys. That's a cautious read on the sneaker giant as it navigates a turnaround.
On the brighter side, KKR & Co. saw its average target nudged up to $126.68. The private equity giant carries just 2.2% short interest. Analysts remain firmly bullish — 18 buys and no sells.
Valero Energy also got a target lift, to $265.72. Refining margins appear to be holding up better than chemicals.
A batch of consumer staples — including , , and — all saw recommendations removed, thinning coverage across the food sector.
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