Wall Street Trims Targets, But One Name Gets Lifted

Analysts cut targets broadly on Monday. Most changes were modest, but the tone was mixed across sectors.

Hubbell was the session's standout. Analysts upgraded the electrical products maker. The consensus moved from Hold to Buy. The average target sits at $556. Hubbell carries a $26bn market cap. Short interest is light at just 5.2% of free float.

UPS saw its average target trimmed to $114.52 from $115.04. The logistics giant holds three sell ratings. It carries 12 holds and 14 buys. At $84bn market cap, it remains a heavily watched name. Analysts appear cautious as delivery volumes stay under pressure.

IQVIA got a target lift to $234. The clinical research firm now commands near-unanimous Buy coverage. 19 analysts rate it Buy. Only three say Hold. Short interest is very low at 3% of free float.

Microsoft and Brown & Brown both saw consensus targets edged lower. MSFT retains dominant Buy coverage across 53 analysts.

Coca-Cola and Sherwin-Williams both received upward target revisions. Both stocks trade near all-time highs.