Two household names faced analyst downgrades this week. Colgate-Palmolive and International Flavors & Fragrances both saw their ratings cut on July 3.
Colgate carries a $76 billion market cap. Its consensus now shifts to Hold after an analyst pulled their Buy rating. Target prices held steady at $95.85.
IFF took a similar hit. The specialty chemicals firm was downgraded with its consensus target sitting at $91.32. Short interest in IFF runs at 6.5% of free float — not extreme but worth watching.
CrowdStrike stood out on the positive side. Its average analyst target price ticked up to $179.69. The cybersecurity giant holds a near-$200 billion market cap. Analyst consensus remains firmly bullish with 41 Buy ratings.
General Mills got back-to-back target price lifts today. Two separate analysts raised their targets in quick succession. The consensus moved to $37.88.
Constellation Brands saw its target trimmed slightly to $171. Jacobs Solutions also faced a modest target cut to $156.93.
The big theme: consumer staples are under pressure. Both downgrades hit defensive names. ADP bucked that trend with a raised target of $247.13.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
