Analysts trimmed price targets across several sectors on Thursday. Downgrades and cuts outnumbered upgrades in the latest round of Wall Street activity.
Quanta Services took the biggest target hit. Jefferies analyst Julien Dumoulin-Smith cut his price target from $857 to $784. He kept his Buy rating. The electrical infrastructure giant trades at a $100 billion market cap. The $73 cut signals caution despite long-term optimism on grid spending.
Delta Air Lines drew split views. Jefferies raised its target to $110 from $105, keeping Buy. But the consensus target edged down to $98. That split reflects ongoing uncertainty in airline demand. Delta's short interest sits at 3.8% of free float — modest for the sector.
Hasbro faced a Citigroup target cut. Analyst James Hardiman slashed the target from $114 to $101. The Buy rating held. Hasbro carries 6.2% short interest. Tariff headwinds on toy supply chains may be weighing on analyst confidence.
ResMed also drew a target reduction. Jefferies cut from $240 to $225. The Hold rating was maintained. Pfizer saw B of A Securities trim its target from $27 to $26, also keeping Hold.
On the upside, B of A lifted Coca-Cola to $95 from $90, maintaining Buy. Merck and Healthpeak Properties also saw modest consensus target increases.
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.
