Sector rotation brief
Price target moves

B of A Securities Lifts COST Target as Utilities See Mixed Revisions

B of A Securities initiated the latest wave of revisions on May 29, 2026, lifting its target for COST to $1,200 from $1,185. As of June 1, 2026, the data indicates a busy period for analyst activity across the consumer-staples and utilities sectors.

Revisions this week

Upward movements included COST (B of A $1,185→$1,200; Truist $977→$1,011), AMZN (Truist $310→$320), and GOOGL (Truist $415→$430). Jefferies raised D to $76 from $65, while B. Riley boosted CRM to $240 from $205. In materials, CTVA saw a move to $95 from $84 (Morgan Stanley), and ECL rose to $325 from $293 (UBS).

Conversely, Truist issued downward adjustments for several utilities: SO ($103→$100), EXC ($50→$49), ETR ($130→$127), and D ($67→$66). Oppenheimer lowered DG to $150 from $170. CRM faced multiple downward revisions, including Citigroup ($188→$187), Canaccord Genuity ($250→$225), and Bernstein ($194→$173).

Ticker Firm Dir Prior→Cur
COST B of A Up 1185→1200
D Jefferies Up 65→76
CRM B. Riley Up 205→240
DG Oppenheimer Down 170→150

What to notice

The recent price target moves highlight a stark divergence for CRM, which received both a notable upgrade from B. Riley and three

Figures reflect our data build as of June 1, 2026. Not investment advice.

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B of A Securities Lifts COST Target as Utilities See Mixed Revisions | Sector rotation brief