CSCO took the sharpest hit in Wednesday's analyst activity. The networking giant was downgraded, with the consensus average target price dropping from $103.99 to $91.36. That is a cut of roughly 12%. Cisco's market cap sits near $392 billion. Short interest is low at 1.6% of free float.
Cybersecurity firm PANW moved the other way. Palo Alto Networks received an upward target revision. The consensus average price target rose to $209.46 from $207.56. The stock carries a $175 billion market cap. Short interest remains modest at 3.2% of free float.
Fintech heavyweight FIS saw its target trimmed. Fidelity National Information Services now has a consensus target of $59.00, down from $59.14. The stock is covered by 26 analysts. Short interest is 3.4% of free float.
On the energy side, TRGP received a boost. Targa Resources saw its consensus target nudged up to $272.90. The stock holds a strong buy-skewed consensus from 22 analysts.
Casino operator WYNN saw its target trimmed slightly to $136.17. Defense name also faced a small cut to $394.64, as did home improvement retailer at $401.42.
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.
