Retail and tech dominated analyst desks this week. The most notable moves came in DLTR, CRM, and HPQ.
Dollar Tree gets a lift. Consensus target price for Dollar Tree rose to $121.30, up from $119.57. The discount retailer has been under pressure but analysts see value. Short interest sits at 7.4% of free float — not extreme, but bears remain present.
Salesforce splits opinion. Citigroup's Tyler Radke cut his target on Salesforce to $187, down from $188. New recommendations from consensus show a wide spread. The stock carries a $145 billion market cap but 32 of 44 covering analysts now sit at Hold. That is a cautious crowd.
HP Inc. gets a big target boost. UBS analyst David Vogt raised his target on HP Inc. sharply to $26 from $20 — a 30% jump. The rating stays at Hold. HP carries 12.8% short interest as a percentage of free float. A 30-point target jump from a holdout analyst signals improving sentiment despite the conservative rating.
Utilities trimmed. Six utility stocks saw small target price cuts, including SO, EXC, and AEP. The moves were modest — under $1 in most cases. Dominion Energy was the lone upgrade in the sector.
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