Construction Stocks Take Hits, Revvity Bucks the Trend

Analysts trimmed targets across the construction materials space this week. MLM (Martin Marietta Materials), VMC (Vulcan Materials), and CRH all saw consensus target prices cut. Martin Marietta's average target fell to $652.71 from $657.38. Vulcan's dropped to $321.78 from $324.83.

The moves suggest analysts see limited near-term upside in aggregates and building materials. CMI (Cummins) also took a target cut, sliding to $745.96 from $752.51.

Cruise lines are another weak spot. CCL (Carnival) targets fell to $34.14 from $34.49. NCLH (Norwegian Cruise Line) also saw cuts, with the average target dropping to $20.20 from $20.52. Both names face a wall of sell ratings — Carnival carries 22 sell recommendations.

MCD (McDonald's) joined the list of downgrades, with the consensus target edging down to $303.80.

On the upside, life-sciences tools company RVTY (Revvity) bucked the trend. Analysts lifted the target to $129.35 from $128.47. The $15.9 billion company has short interest of just 5.8% of free float — not a heavily shorted name.

DE (Deere) also received a modest target bump to $690.53 from $688.44, as did SNA (Snap-on) and JBL (Jabil).