NKE Nike absorbed a UBS downgrade today. Jay Sole cut the target to $58 from $62 maintaining hold. The $76B sneaker giant faces 24 sell ratings showing deep analyst skepticism.
GIS General Mills dropped to sell at UBS. Peter Grom slashed the target to $35 from $40. The consumer staples name holds only three buy ratings against four sells and twelve holds demonstrating weak conviction.
MU Micron grabbed two massive upgrades in one day. UBS Timothy Arcuri raised his target to $510 from $475. Citigroup's Atif Malik jumped to $510 from $430. The memory chip maker now carries consensus target of $496 up from $432.
WSM Williams-Sonoma absorbed a target cut from TD Cowen. Max Rakhlenko dropped to $225 from $250 while maintaining buy. The home goods retailer holds 14 buy ratings showing sustained support.
DRI Darden Restaurants consensus target rose to $224 from $223. ALL Allstate climbed to $240 from $240. Apollo Global fell to $155 from $156.
Consumer discretionary faced fresh pressure while semiconductors grabbed bullish momentum.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
