Lulu and Utilities Take Analyst Heat

Analysts are cutting targets across utilities and consumer discretionary stocks. The most striking moves came from Wells Fargo and Barclays, both slashing price targets on LULU on the same day.

Wells Fargo's Ike Boruchow dropped his target on lululemon from $150 to $110. Barclays' Adrienne Yih cut even harder — from $161 to $113. Both maintained Hold ratings. That's a $40-$48 target reduction in a single session. lululemon's market cap now sits at $12.4 billion.

The utility sector faced a broad wave of target cuts. WEC, ED, SRE, DUK, AEP, and ETR all saw consensus targets trimmed. The moves were modest but uniform — suggesting a sector-wide reset rather than company-specific concerns.

On the bright side, freight names bounced back. Wells Fargo's Christian Wetherbee raised his target on JBHT from $250 to $310. That's a $60 jump. He also lifted his target on ODFL from $205 to $235.

HON received a Buy rating and a $275 target from RBC Capital's Deane Dray — up from $268 prior.

COO was hit hard. Wells Fargo cut the target from $82 to $66, a drop of nearly 20%. The stock carries a $13.1 billion market cap.

Payroll processors PAYX and ADP bucked the negative trend. Both saw slight upward consensus target revisions, signalling continued confidence in the HR software space.