Analysts Split on Infrastructure and Tech

Analysts upgraded PWR Quanta Services today, pushing the consensus target to $769.63. The electrical infrastructure giant has a $96.6 billion market cap. Grid modernisation demand continues to underpin bullish calls on the name.

NDAQ Nasdaq, Inc. drew a rare downgrade. The exchange group's consensus shifted from neutral to sell-leaning. At a $52.8 billion market cap, analysts see limited upside from current levels.

CDNS Cadence Design Systems also received a downgrade. The EDA software firm carries an $83.4 billion market cap. The average target held steady at $403, suggesting price action has run ahead of fundamentals.

On the positive side, ABNB Airbnb gained an upgrade. Its consensus target rose to $184.35. Travel demand has stayed resilient entering autumn.

BX Blackstone also received an upgrade. The alternative asset manager's target sits at $144. The shift toward holds narrows the bearish camp.

ROL Rollins was the session's clearest downgrade. The pest control firm's target slipped from $45.59 to $44.82. Two analysts moved to sell, a notable shift for a defensive consumer name.