Cigna Falls, ON Semi Rises in Analyst Reshuffle

Analysts are moving fast on August 4. Three notable downgrades and one meaningful upgrade are shifting the landscape across healthcare, retail, and semiconductors.

ON Semiconductor claimed the day's top upgrade. Analysts lifted the chipmaker to a stronger buy-side stance. The average target price edged down slightly to $112.29. ON carries a $31.8 billion market cap and short interest of just 8% of free float.

The Cigna Group took a hit. Analysts cut their rating on the managed care giant. The consensus target slipped to $341.42 from $342.63. Cigna's $73.7 billion valuation makes this downgrade notable. The health insurer has faced pressure from US policy uncertainty around Medicare Advantage.

eBay also drew a downgrade. The e-commerce platform's consensus rating moved lower. Analysts trimmed the average target to $110.29 from $110.83. Short interest on eBay sits at just 3.8% of free float — shorts are not piling in.

Walmart joined the downgrade list too. The retail giant's consensus slipped one notch. Its target barely budged at $137.98.

On the positive side, Palantir Technologies saw its consensus target rise to $186.05 from $182.20 — the biggest upward target move in today's session.