Analysts Split on Utilities and Entertainment

Analysts delivered a sharp downgrade to EIX on Thursday. Edison International fell from Hold to Sell at consensus level. The California utility's average target price now sits at $76.25. Short interest is a modest 4.2% of free float.

LYV picked up a target price upgrade. Live Nation's consensus target rose to $195.87 from $192.50. The entertainment giant carries 15.8% SI % FF — one of the more heavily shorted names in today's batch.

Homebuilder supplier BLDR saw its target trimmed. Builders FirstSource's average target fell to $86.10 from $87.60. The cut reflects cooling sentiment on housing-related names heading into the second half.

On the upside, insurance giant CI got a quiet target lift to $343.38. Healthcare REIT WELL also climbed, with its consensus target nudging to $250.27. Infrastructure play PWR held strong too — Quanta Services' target edged up to $757.51.

AJG led the target increases. Arthur J. Gallagher's average price target rose to $287.61 from $281.39. The insurance broker's bullish re-rating follows a string of positive earnings surprises this year.