UBS Trims Tech Targets; MSI Bucks Trend

UBS led analyst activity this week with a string of target price cuts across tech and financial names.

DDOG took the sharpest hit. UBS analyst Karl Keirstead slashed the target to $280 from $315 — an 11% cut — while keeping a Buy rating. The cloud monitoring firm carries a $75.9bn market cap and just 3.8% short interest, suggesting the market hasn't turned bearish yet.

FISV also felt UBS pressure. Timothy Chiodo cut his target to $60 from $65. That's a rare Hold call on Fiserv among a sea of bullish analysts — 24 Holds versus 16 Sells and just 2 Buys in the current consensus.

Not all the news was negative. MSI bucked the trend. Motorola Solutions saw its consensus target price rise to $522.73 from $516.64. The $78bn security tech giant has minimal short interest at just 2.1%.

PSKY — now trading as Paramount Skydance — saw its consensus target trimmed to $9.81 from $10.12. The stock carries nearly 10% short interest. Bears remain active in the newly rebranded media name.

WMB was one bright spot in energy. The Williams Companies saw its target nudge up to $84.70. Analyst consensus sits at 19 Buys, making it the most bullish setup in today's batch.