Analysts Lift Intel, Flag Deckers and IBM

Wall Street revised targets across several sectors on July 24, with semiconductor and defence names drawing the most attention.

Intel saw its consensus target price jump to $114.33 from $108.63. That is a nearly 5% lift. Analysts are growing more positive on the chipmaker, which carries a market cap of $516 billion. Short interest sits at just 2.8% of free float — bears are not piling in.

Lockheed Martin also received an upward target revision. The consensus target moved to $620.32 from $615.58. Defence spending tailwinds continue to support the bull case. The stock's short interest is a low 1.8% of free float.

On the downside, Deckers Outdoor saw its consensus target trimmed to $123.67 from $127.81. That is a $4 cut. The UGG and Hoka parent has faced questions over consumer spending resilience.

IBM also drew a target reduction. The average consensus target fell to $245.33 from $248.77. IBM has been riding the AI wave, so any softening in analyst sentiment warrants watching.

Comcast rounded out the notable downgrades, with its consensus target dipping to $30.37 from $30.85 amid ongoing subscriber pressure.