Wall Street spent Friday trimming targets on consumer staples while nudging up price goals for technology names. The split mood reflects a broader rotation trade gaining momentum heading into the US holiday weekend.
CrowdStrike saw its average analyst target price rise to $179.69, up from $179.24. The cybersecurity giant carries a $197bn market cap. Short sellers remain largely absent, with SI % FF at just 2.9%.
Tesla also drew a target increase, with consensus sitting at $423.40. The stock commands a $1.48 trillion valuation. Only 2.9% of its free float is sold short.
On the bearish side, Constellation Brands received a target cut, with the average slipping to $171.00 from $171.30. The drinks company has faced pressure as tariff fears weigh on its Mexican beer portfolio.
Procter & Gamble also had its target trimmed. Analysts moved the average marginally lower to $163.43 from $163.57.
Brighter notes came from General Mills and Automatic Data Processing. Both saw target prices nudge higher. General Mills hit $37.88 while ADP reached $247.13.
Jacobs Solutions was the other notable cut, dropping to $156.93 from $158.20. The engineering firm remains under analyst scrutiny.
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