Semiconductor stocks grabbed the spotlight in Sunday's analyst activity. AMD received a target price increase to $518.94 average, up from $516.13. The stock commands 42 buy ratings and zero sells. Marvell Technology saw a new analyst recommendation added, pushing consensus even more bullish with 37 buys on record.
Defense contractor Leidos Holdings took the biggest hit. JP Morgan's Seth Seifman cut the target price sharply from $210 to $160 — a 24% reduction. The stock carries a Buy rating but that target cut signals real concern. Leidos has a $13.5B market cap and short interest sits at just 4.8% of free float.
TransDigm Group also saw its target trimmed. Consensus pulled the average down to $1,502.75 from $1,525.70. The aerospace parts maker remains widely held with 14 buy ratings.
Cruise lines caught a tailwind. Both Royal Caribbean and Norwegian Cruise Line received target price upgrades. Analyst optimism in leisure travel appears intact heading into summer earnings season.
QUALCOMM and Intel each had a recommendation removed from consensus, slightly trimming their buy counts.
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