Analysts turned cautious on several names Sunday. Charles River Laboratories took a direct hit — analysts formally downgraded the stock. The biotech services firm carries a short interest of 8.7% of free float. Its consensus now sits at 13 sells versus just one buy.
Dow Inc. also saw its average analyst target price trimmed. The chemicals giant's target slipped to $36.81 from $36.94. Dow carries a $21.6 billion market cap. Analyst sentiment remains split, with seven holds flanked by ten neutral calls.
On the brighter side, Target received a target price lift. The retailer's average target edged up to $133.84. With a $63 billion market cap, Target is one of few consumer names getting a warmer reception from Wall Street today.
IBM and Airbnb both saw targets nudged lower. IBM's average target fell to $271 from $274. Airbnb slipped to $156.70. Both carry heavy sell-side weight — IBM has 14 sell ratings versus three buys.
Oracle also had its target cut to $249 from $253. The software giant has 36 buy ratings but one lingering sell.
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.
