Analysts Cut Targets on Costco and Delta

Wall Street trimmed price targets on several large-cap names Friday. Costco Wholesale saw the most activity, with Freedom Broker analyst Georgy Vashchenko cutting his target to $1,010 from $1,030. He maintained a Buy rating. The consensus target also edged down to $1,058 from $1,069, after one recommendation was removed from the panel.

Delta Air Lines drew a notable target cut. The consensus price target fell to $103.15 from $103.69. Twenty-four of 25 analysts still rate it a Buy or equivalent, reflecting confidence in the carrier despite the trim. Delta trades at a $54 billion market cap with short interest at just 3.4% of free float.

Paychex also saw its consensus target edge lower to $116.14 from $117.29. The payroll services firm carries a $36 billion market cap. Its analyst panel is evenly split, with a mixed Buy, Hold, and Sell breakdown.

In healthcare distribution, both Cardinal Health and McKesson saw minor revisions. Cardinal's consensus target dipped to $270.33. McKesson's target held near $979 after a recommendation removal.

The moves are modest across the board. No major downgrades or initiations stand out today.