Netflix took three target price cuts in a single session. TD Cowen trimmed its target to $1,000 from $1,120. Bernstein cut to $950 from $1,000. Barclays went lower still, dropping to $800 from $850. All three analysts kept buy or hold ratings, but the direction is clear — the $310 billion streamer faces valuation pressure after its recent run-up.
Intuitive Surgical also drew bearish target revisions. Leerink Partners slashed its price target by $119 to $454. Bernstein cut to $685 from $750. Citi trimmed to $500 from $590. Three separate cuts on the same day signals broad post-earnings caution on the robotic surgery giant.
On the other side, State Street attracted fresh optimism. Citi raised its target to $210 from $193 with a Buy rating. Barclays bumped its target to $200 from $165, keeping a Hold. The dual upgrades lifted the consensus on the $51.6 billion custodian bank.
SBA Communications got the cleanest call. Wells Fargo upgraded the tower operator to Buy from Hold, with a $210 target. Citizens Financial Group also received a target bump from Barclays, raised to $81 from $77, maintaining a Buy.
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