Workday Cut, Sandisk Lifted in Fresh Calls

Analysts delivered a mixed bag of rating changes on Sunday, with enterprise software bearing the brunt of selling pressure while storage and networking names attracted fresh buying interest.

WDAY was the most notable casualty. Workday picked up a downgrade, pushing its analyst consensus slightly more negative. The HR software giant already carries a short interest of 14.6% of free float — one of the highest readings among large-cap software names. That elevated short position suggests the market had been skeptical ahead of this call.

SNDK moved the other way. Sandisk earned an upgrade, lifting consensus from one buy to two. The storage specialist carries a $181 billion market cap. Its short interest sits at just 5.6%, leaving little fuel for any squeeze but also signalling modest bearish conviction from the shorts.

ANET saw its target price nudge higher to $240. With 29 analysts rating it a buy and zero sells, the networking firm remains the closest thing to a Wall Street unanimous call in large-cap tech.

CF also received an upgrade. The fertilizer producer now holds three buy ratings after the change. CF's SI % FF stands at 6.2%, modest for an industrial commodities name.

LLY was the only large-cap pharma to see a target price cut. The consensus average dipped to $1,292 from $1,297.