Analysts dealt out a mix of upgrades and downgrades on Wednesday. The most striking move hit CSCO. Cisco received a formal downgrade, with the consensus rating shifting from Buy to Hold. The average analyst target price jumped sharply to $104 from $91. That gap suggests the market has already priced in much of the upside.
Cybersecurity fared better. PANW saw its average target price rise to $209 from $208. The stock carries a $175B market cap. Short interest sits at just 3.2% of free float — bears are not pressing hard here.
AKAM got a notable lift too. The target rose to $155.60 from $153.60. Akamai stands out among the group. Its short interest is 11.3% of free float — the highest of the three. A rising analyst target against elevated short positions could create upward pressure.
In energy infrastructure, TRGP gained analyst support with a target increase to $272.90. Defense name HII was trimmed to $394.60 from $398.30. HD also saw a small target cut to $401.40. Analysts appear cautious on home improvement given rate uncertainty.
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.
