Analysts issued a pair of notable downgrades Wednesday. Both TSCO and PNR saw their consensus ratings cut, standing apart from a session dominated by target price increases.
Tractor Supply downgraded. The $16B farm and ranch retailer lost ground in analyst consensus. Its average target price slipped slightly to $43.93. The downgrade adds a bearish tilt to a name with just 5.4% SI % of FF — not a heavily shorted stock, so the move carries weight.
Pentair also cut. The water treatment equipment maker was downgraded as well. Consensus shifted with one analyst moving from hold to sell. The target fell marginally to $100.69. At a $12B market cap, Pentair is mid-cap territory where analyst downgrades can hit harder.
Target lifts elsewhere. WST saw its average target nudge up to $365.93. Analysts lifted FCX targets too, now averaging $71.22. The copper mining giant sits at an $85B market cap and remains in favor despite commodity market uncertainty.
APH and also received small target bumps. The broader trend today leans bullish, with upgrades and target increases outnumbering cuts across the board.
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.
