Cantor Cuts CrowdStrike Target by 66%

Cantor Fitzgerald slashed its price target on CRWD from $725 to $250. The firm kept its Buy rating. That is a 66% cut — one of the sharpest target reductions seen on a mega-cap cybersecurity name. CrowdStrike carries a $218 billion market cap.

In a contrasting call on the same sector, Cantor lifted its target on PANW from $340 to $425. The firm remains bullish on Palo Alto Networks, a $306 billion giant. The diverging calls suggest Cantor sees a clear winner in enterprise cybersecurity.

Morgan Stanley made waves in the aerospace space. The bank upgraded HONA — Honeywell Aerospace — from Hold to Buy. The target stayed at $205. The $51 billion company had been stuck at Hold for some time. The upgrade signals renewed confidence in the aerospace spinoff's standalone trajectory.

Also from Morgan Stanley, analyst Michael Phillips raised his target on AON to $410 from $380. Bob Huang lifted the target on CB to $360. The insurance sector is seeing broad upward revisions.

Cantor Fitzgerald also raised targets on regional banks MTB and CFG, lifting M&T Bank to $285 and Citizens Financial to $84.