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.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
