Deutsche Bank analyst Steve Powers executed a coordinated consumer staples overhaul today. CL Colgate-Palmolive grabbed an upgrade to buy from hold alongside a target boost to $98 from $90. The $86B toothpaste giant absorbed fresh bullish conviction.
Powers simultaneously cut CLX Clorox to hold slashing target to $101 from $112. The $15B bleach maker faced margin pressure concerns. CAG Conagra saw its target drop to $14 from $18 while staying at hold showing diminished upside potential.
Wells Fargo shifted gig economy views dramatically. Analyst Ken Gawrelski cut UBER Uber target to $95 from $100 maintaining buy as ride-sharing demand moderated. DASH DoorDash absorbed a steeper target reduction to $198 from $221 staying at hold.
CRWD CrowdStrike grabbed a consensus upgrade today with average target holding near $490. The $131B cybersecurity name drew increased analyst conviction despite sector volatility.
Wells Fargo boosted chemical names with DOW Dow target rising to $48 from $45 at buy. LYB LyondellBasell climbed to $87 from $70 at hold showing improved outlook for basic materials.
Consumer rotation dominated analyst activity as defensive positioning intensified.
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