Wall Street Cuts McDonald's, Lifts Wells Fargo

Analysts are split on the consumer sector. McDonald's took a target price cut today, with the consensus average slipping to $300.97 from $306.70. That is a near $6 drop. Short interest on the fast food giant sits at just 1.7% of free float, so bears are not piling in yet.

Wells Fargo was the standout upgrade of the day. The bank moved to a higher rating, with consensus now showing 16 Hold recommendations versus 10 previously. The average target edged up to $100.37. The $248 billion bank carries just 1.1% short interest — a low-conviction short.

CenterPoint Energy received a fresh recommendation today from a new analyst. All 10 initial ratings landed as Hold. That is a cautious start for the Texas utility. Short interest at 6.6% of float is meaningfully higher than its megacap peers.

General Mills also saw its target trimmed, to $37.22 from $37.44. The consumer staples name has faced persistent pressure amid weak volume trends. Darden Restaurants bucked the restaurant trend with a target raise to $233.35.

GoDaddy saw its consensus target nudge higher to $106.53, continuing a positive drift in tech-adjacent names.