Analyst sentiment turned cautious Tuesday across several large-cap names. Dollar General saw its consensus target price trimmed to $136.25 from $137.93. The discount retailer has struggled with weak consumer spending and rising shrink costs.
Accenture also drew a lower consensus target. Analysts moved the average to $242.70 from $244.86. The IT services giant carries a $120.7 billion market cap. Recent earnings disappointed on slowing consulting demand.
The boldest move came from Hewlett Packard Enterprise. One analyst removed their recommendation entirely. The remaining consensus average target sits at $60.72. HPE's AI server business has been a growth driver. Yet margins remain under scrutiny.
On the positive side, MGM Resorts got a target lift to $45.56 from $45.11. Philip Morris International saw its target nudge up to $193.86. The tobacco giant's smoke-free products continue to gain share.
Fortive and also received modest upward revisions. Both sit in the industrials space and have benefited from steady US manufacturing data.
The broader picture shows analysts cautiously trimming targets on consumer and tech names. Industrial and tobacco stocks are the relative bright spots right now.
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.
