Analysts Cut Charter Target, Lift Defense Names

Analyst activity on Sunday showed a clear split between cable and defense. Charter Communications took the hardest hit. The average analyst target price fell to $187.35 from $205.00 — a drop of nearly $18. That is a sharp revision for a stock already carrying 27.7% SI % FF, one of the heavier short burdens among large-caps.

On the other side, Lockheed Martin saw its target nudged higher to $628.21 from $624.47. Defense names have attracted renewed institutional interest amid ongoing global tensions. Lockheed's short interest remains negligible at just 1.6% of free float.

3M received the day's only outright upgrade. The consensus shifted from Hold toward Buy, with the average target rising to $181.85. The industrial conglomerate has been rebuilding credibility after years of litigation headwinds. Short interest sits at a modest 2.1% of free float, suggesting limited bearish conviction.

C.H. Robinson also saw its target trimmed, to $201.92 from $203.12. The freight broker has faced sustained pressure from weak spot rates.

Eversource Energy picked up a fresh new recommendation, with analysts adding the utility at a $73.00 target. The broader utility sector has attracted buyers chasing yield in an uncertain rate environment.