SNPS Synopsys faced a rare consensus downgrade today. The $83B chip design software firm saw its rating drop as analysts cut the average target to $534 from $535. Buy ratings fell to 17 from 18 showing erosion in conviction despite the AI infrastructure boom.
Energy names absorbed systematic coverage removals. XOM Exxon saw one analyst drop coverage while the consensus target slipped to $164 from $165. CVX Chevron lost a sell rating pushing the target down to $212 from $213. EOG EOG Resources followed the same pattern.
Consumer staples targets drifted lower across the board. HSY Hershey dropped to $226 from $228. MDLZ Mondelez fell to $66.32 from $66.36. CL Colgate slipped to $95.26 from $95.42.
AEP American Electric Power saw multiple simultaneous changes. The utility gained two hold ratings while losing two sells. The consensus target fell to $138 from $139.
PFG Principal Financial stood alone with a target increase to $93.92 from $93.83. The insurance name held steady buy interest.
Defensive sectors dominated activity as Middle East turmoil kept markets volatile.
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