Wall Street is cutting targets and downgrading consumer staples this week. Two notable downgrades stand out as the Fourth of July holiday approaches.
IFF — International Flavors & Fragrances — was downgraded by analysts on Thursday. The consensus now sits at 15 sells and just 5 holds. Short interest runs at 6.5% of free float. That bearish sentiment among analysts aligns with short sellers staying active on the name.
CL — Colgate-Palmolive — also took a downgrade. Its consensus flipped one notch, losing a buy vote. The $76 billion household goods giant now sits at just one buy recommendation.
Not all the action was negative. CRWD saw its average target price nudged higher. The cybersecurity leader now carries a consensus target of $179.69. With 41 buy ratings and just one sell, analyst sentiment remains overwhelmingly positive on CrowdStrike.
PG — Procter & Gamble — took a minor target cut. The consensus target slipped slightly to $163.43.
The pattern is clear. Analysts are cooling on consumer staples. They remain warm on cybersecurity and cloud. The divergence between defensive consumer names and high-growth tech shows no sign of reversing.
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.
