Analysts Cut Nike, Back Airlines

Wall Street is losing patience with NKE. The consensus target price dropped to $53.44, down from $55.22. That's a meaningful cut for a brand that once commanded premium valuations. With 12 sell ratings now on the books, bearish sentiment on Nike is spreading.

By contrast, UAL is getting love. Analysts lifted their average target to $137.33, up from $136.63. United holds 24 buy ratings. Only one analyst rates it a sell. The airline has ridden strong travel demand and better-than-expected margins.

Gold miner NEM saw its target trimmed to $139.02 from $139.54. The cut is modest but notable. Newmont carries a $100 billion market cap. It remains the biggest pure-play gold stock in the world.

Insurance brokers drew upgrades across the board. AON targets rose to $382.89. AJG climbed to $265.16. Both stocks carry strong buy-heavy consensus panels.

Healthcare data firm IQV bucked the trend with an upward target revision to $226.47. Nineteen of 22 analysts rate it a buy. That strong consensus suggests confidence in the CRO sector's recovery.

PEP also saw a modest target cut to $166.82. Slow volume growth and currency headwinds continue to weigh on the food and beverage giant.