Downgrades Dominate Monday's Analyst Calls

Three notable downgrades headlined analyst activity on Monday. Booking Holdings, McKesson, and Gartner all faced cuts to their ratings from Wall Street firms.

BKNG slipped to a consensus sell from neutral. The $137 billion travel giant now carries 31 sell ratings. Average analyst target sits at $224. Short interest remains low at just 2.9% of free float.

MCK also took a downgrade. The pharma distributor lost a hold-rated analyst to the sell camp. At a $98 billion market cap, McKesson trades with thin short interest of 3%, suggesting bears are not piling in yet.

Gartner was cut from hold to sell as well. The tech research firm has a notably elevated short interest of 18.6% of free float — already a bearish signal before today's downgrade.

Not all the news was negative. International Paper received an upgrade, pushing consensus to 8 holds from 7. Target prices edged up to $43.64 from $42.73. IP carries around 9.7% short interest.

In energy, Diamondback Energy saw its average target price nudge up to $230.36. Analysts remain overwhelmingly bullish with 25 buy ratings and no sells.