Mizuho analyst John Roberts cut targets across chemicals and materials on Friday. Albemarle dropped to a $130 target from $140, with a Hold rating retained. Dow Inc. was similarly trimmed to $32 from $35. Albemarle carries short interest of nearly 10% of free float, suggesting bears are already well-positioned ahead of any lithium-price recovery.
Dollar Tree was the standout upgrade. Loop Capital's Anthony Chukumba lifted it from Hold to Buy, raising his target to $140 from $130. The discount retailer has short interest of just 4.6% of free float, leaving room for a sharper squeeze if the bull case plays out.
Morgan Stanley had a busy session in tech. The bank raised its target on Hewlett Packard Enterprise to $72 from $67. It trimmed Apple modestly to $355 from $360. Joseph Moore reiterated a $1,200 Buy on Micron, one of the boldest standing calls on Wall Street right now.
Evercore ISI cut targets on three banks. Wells Fargo fell to $90, U.S. Bancorp to $65, and Truist to $54. All three retain Buy ratings despite the reductions.
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