Analysts Push Storage, Healthcare Names Higher
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TD Cowen dominated today's analyst activity with a sweep of upward target revisions across multiple sectors.
WDC drew the sharpest move. TD Cowen analyst Krish Sankar lifted the target to $540 from $500, reiterating Buy. Western Digital's market cap sits near $179 billion. Short interest is modest at 6.9% of free float — bulls hold the room.
MCK also caught a boost. Charles Rhyee at TD Cowen raised his target to $1,006 from $989, keeping a Buy rating. McKesson trades near $103 billion in market cap. Short interest is just 2.8% of free float, suggesting little bearish pressure.
IFF faced the day's most notable downgrade. The flavours and fragrances giant was cut by consensus to a more bearish stance, with the average target slipping to $94.54 from $92.10. Short interest at 5.7% of free float is not extreme, but the direction of travel worries bulls.
HONA saw its average target trimmed to $250.83 from $260.50 despite a flat consensus. Honeywell Aerospace remains well-covered with 21 analysts.
DDOG saw a marginal target cut to $275.57. The cloud monitoring firm retains heavy Buy coverage across 42 analysts — any dip may attract fresh interest.
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How this article was generated
- Generated
- 6 Aug 2026, 20:21
- Prompt version
- v1.0
- Data sources
- Analyst consensus
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.