Raymond James trimmed targets on two major carriers today. Southwest Airlines saw its price target cut to $54 from $60. Delta Air Lines dropped to $98 from $104. Both stocks kept Buy ratings. The analyst, Savanthi Syth, held a bullish stance but acknowledged near-term pressure on the sector.
The moves contrast sharply with upgrades elsewhere. Jefferies raised its target on Workday to $225 from $205, though the Hold rating remains. The HR software firm carries 11.5% short interest as a percentage of free float — a notable overhang. Jefferies' Brent Thill also cut Intuit to $500 from $550, keeping a Buy, suggesting some caution on tax-software valuations.
Citigroup's Bryan Keane lifted Accenture to $190 from $135 — a 41% jump in target price. Accenture carries a $113B market cap. That is one of the most aggressive target revisions in today's batch.
Water technology firm Xylem got a boost from Jefferies, which raised its target to $150 from $145 with a Buy. Williams-Sonoma received a target bump to $261 from B of A Securities, also rated Buy. Both upgrades reflect confidence in their respective sectors.
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