Analysts Shift on Hormel, Wynn, and SMCI

Analyst desks were busy on August 12, with upgrades, downgrades, and notable target price lifts across several sectors.

HRL received the day's standout upgrade. Hormel Foods moved higher in consensus after analysts lifted their view on the consumer staples name. The average target price sits at $26.88. Short interest is low at 3.6% of free float, suggesting limited bearish conviction from the other side of the trade.

WYNN took a hit. Wynn Resorts was downgraded, with consensus slipping from the hold camp toward sell. Short interest stands at 12% of free float — already elevated for the casino sector. A downgrade here adds fuel to an already cautious macro backdrop for Macau-exposed names.

CAH saw the biggest target price move. Cardinal Health's average analyst target jumped from $252.40 to $262.53 — a $10 lift. The healthcare distributor carries a $55.5 billion market cap and very low short interest of just 3%.

SMCI also drew attention. Super Micro Computer's target crept higher, though short interest remains elevated at 17.2% of free float. Bulls and bears remain split on the AI server maker.

ONEOK was downgraded, with consensus shifting more negative on the midstream energy name.