Wall Street Trims Targets Across Sectors

Analysts cut target prices on several major names today. Energy and telecoms were the focus.

Charter Communications took the biggest consensus hit. Analysts lowered the average target to $208.47 from $210.32. Charter carries a heavy short load — 25.9% of free float is sold short.

Energy stocks moved the other way. Analysts lifted targets on Chevron, ConocoPhillips, and ExxonMobil in a coordinated sweep. Chevron's average target now sits at $214.21. The upgrades suggest Wall Street sees value after recent oil price pressure.

NextEra Energy also got a target bump. The average rose to $99.10. The utility giant has minimal short interest at just 2.7% of free float. Analysts appear comfortable with the clean energy outlook.

Tractor Supply received a fresh recommendation. The consensus count shifted — one "sell" vote dropped out. Average target fell slightly to $35.59. Short interest is modest at 5% of free float.

Verizon saw a small target trim to $50.95. No rating change came with it. Telecom pressure continues to weigh on the sector alongside Charter's struggles.