UBS analyst Karl Keirstead sliced MSFT Microsoft's target to $510 from $600 while keeping buy. The $90 cut marked one of the steepest downgrades today. The $3.1T software giant held 52 buy ratings showing sector faith.
Rosenblatt's Kevin Cassidy slashed SMCI Super Micro to $32 from $50 maintaining buy. The AI server maker absorbed a 36% target drop. John McPeake initiated PLTR Palantir at buy with $200 target as defense software grabbed attention.
UBS cut INCY Incyte to $94 from $104 dropping to hold. The biotech faced pressure as analyst Ashwani Verma flagged concerns. Telsey slashed NKE Nike to $65 from $72 maintaining hold as athletic retail struggled.
JP Morgan's Thomas Palmer dropped KHC Kraft Heinz target to $21 from $22 keeping sell. The food giant faced persistent bear calls. Telsey initiated HD Home Depot at buy with $435 target showing retail housing divergence.
NEE NextEra Energy consensus target rose to $94.34 from $93.96 as utilities grabbed defensive flows. Tech absorbed the heaviest cuts as Iran war volatility persisted.
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