Apple Falls From Favour as Analysts Turn Cautious

AAPL took a hit from analysts on Monday. The stock was downgraded in the latest round of rating changes. Its consensus buy count slipped from 5 to 4. The average target price ticks up slightly to $322, but the downgrade sends a clear warning signal.

DPZ also received a downgrade. The pizza chain's consensus shifted bearish. Its average analyst target fell to $380 from $387. Short interest sits at nearly 10% of free float — already elevated heading into the rating cut.

Not all the news is negative. HWM picked up a target price increase. Howmet Aerospace now carries an average target of $334. The aerospace parts maker boasts a $112 billion market cap. All 17 covering analysts hold a buy rating. Zero holds or sells. That wall-to-wall bullishness is rare.

DELL saw its target nudged lower to $501 from $503. Energy names OXY and COP drew mixed activity. OXY gained a target lift to $66. COP saw one recommendation removed.

WTW and HD both received modest target increases. Home Depot now sits at an average target of $373.