B of A Securities analyst Tal Liani lifted price targets on two networking giants on Monday. Cisco Systems got a new target of $150, up from $135. Arista Networks was raised to $200 from $185. Both carry Buy ratings. Cisco's market cap sits at $479 billion, with short interest at just 1.4% of free float — bears are largely absent.
The contrasting call came from JP Morgan. Analyst Tien-Tsin Huang slashed his target on Accenture to $201 from $247, a $46 drop. He kept his Buy rating, but the 19% target cut signals concern. Accenture's market cap has fallen to $109 billion amid IT consulting headwinds tied to corporate spending caution.
On the healthcare side, JP Morgan's Lisa Gill turned more bullish on UnitedHealth Group. She raised her target to $466 from $420, maintaining a Buy. UNH has faced heavy regulatory scrutiny this year. The target raise suggests Gill sees the worst as priced in.
Campbell's drew a bearish note from Barclays. Andrew Lazar cut his target to $19 from $21 and rates the stock a Sell. The consensus target for the soup maker sits at just $22, reflecting broad scepticism around consumer staples margins.
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