Analysts Cut Targets Across Sectors Monday

Consensus target prices shifted broadly on Monday, with defence and healthcare drawing the sharpest moves.

Lockheed Martin saw its average analyst target edge up to $635.48, one of the few upward moves in an otherwise downbeat session. The defence giant benefited from fresh target lifts among the 12 hold-rated analysts that dominate its coverage.

Intuitive Surgical took the most notable individual hit. The robotics surgery leader was downgraded by at least one analyst, shifting the consensus hold-to-buy split slightly in bears' favour. The average target slipped to $478.30.

General Electric saw its target cut to $378.90 from $382.81. The move comes as GE Aerospace faces scrutiny over engine output. Abbott Laboratories had its target trimmed to $118.52, though it retains 24 buy ratings against zero sells.

McCormick stands out for a different reason. Its consensus target fell to $54.46. ORTEX Index Rebalance Radar puts its MSCI World deletion probability at 77%, with the stock sitting 21.2% below its exit price. That combination of analyst pressure and index selling risk is worth watching.

Sandisk saw the largest nominal target cut, dropping to $2,143.83 from $2,173. The stock carries 21 sell ratings against just one buy, among the most lopsided coverage on the screen.

Apple and CrowdStrike bucked the trend with modest target increases, consensus for both ticking up fractionally on the day.