Utilities Hammered as Analysts Trim Targets

A wave of target price cuts hit the US utility sector today. At least eight major utilities saw reduced price targets from the analyst consensus, including DUK, SO, XEL, DTE, and FE. None saw rating changes. The cuts were small in absolute terms but signal cooling enthusiasm for the sector.

ED and PEG also saw target trims. Utilities have rallied hard in 2026 on AI power demand. Analysts may now see limited upside at current prices.

Outside utilities, DXCM received a new consensus recommendation. The glucose monitor maker carries a $27.6B market cap. Short interest sits at just under 5% of free float — not a crowded short.

LUV took a target price cut. The airline trades at a $22B market cap. Analysts are trimming expectations as cost pressures persist in the industry.

The lone bright spot was HAS. Hasbro's target rose to $108.92 from $108.15. The toymaker has rebounded on stronger licensing revenue. EIX also received a target upgrade, a relative rarity as peers faced cuts.

The broad utility cuts suggest sector rotation risk. Investors may look to rotate gains into beaten-down consumer names like Hasbro instead.