Analysts Split on Pharma and Social Media

JP Morgan lifted its target on REGN to $1,050 from $950. The bank kept its Buy rating. Regeneron's consensus average target also rose to $924, up from $869. Short interest sits at just 2.2% of the free float, a low base for bears.

Reddit took the opposite treatment. JP Morgan's Doug Anmuth cut his target on RDDT to $150 from $185, keeping a Hold rating. That is an $35 reduction in one move. Short interest on Reddit stands at 14.7% of free float, well above most social media peers. Shares available to borrow remain plentiful at 362% of SI, so new shorts can still get in easily.

XEL drew a downgrade, with the consensus shifting lower. The utility's average target moved only fractionally, to $89.16 from $89.05, but the rating shift matters more than the price move.

On the defence side, LHX saw its consensus target edge up to $331.53 from $327.61. HWM moved the other way. Howmet Aerospace's target fell sharply to $306.75 from $323.90, the biggest single target cut in today's defence names.

COIN also absorbed a target trim at Canaccord, down to $275 from $300, though the Buy rating stayed intact.