Analysts trimmed targets across the US utility sector on Sunday. DTE Energy, Duke Energy, WEC Energy Group, and Public Service Enterprise Group all saw consensus target prices nudged lower. None suffered a rating cut. But the broad-based downward drift signals growing caution on regulated utilities.
Cognizant Technology Solutions also took a modest target cut. Consensus sits at $73.79, down from $73.98. The IT services firm carries 8.2% short interest as a % of free float. That puts bears in a watchful position heading into any macro shift.
On the brighter side, Akamai Technologies received an upward target revision. The consensus price target rose to $145.37 from $143.76. Akamai carries a hefty 12.1% SI % FF. An upgrade in analyst sentiment here puts short sellers under pressure.
W.W. Grainger also got a target bump, rising to $1,252.71 from $1,237. The industrial distributor has seen steady earnings momentum.
Two precision instrument makers drew attention for different reasons. Mettler-Toledo and Waters Corporation each had a recommendation removed from the consensus pool, trimming analyst coverage slightly.
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