Biotechnology and Pharmaceuticals lead with recent strong buy ratings for ABBV (AbbVie Inc.), VRTX (Vertex Pharmaceuticals), and INCY (Incyte Corporation) in the past two days. Consumer retail also sees positive analyst sentiment with strong buys for WMT (Walmart Inc.) and SFM (Sprouts Farmers Market Inc.). Conversely, several large-cap biotech names like LLY (Eli Lilly and Company), BMY (Bristol-Myers Squibb Company), and NVO (Novo Nordisk A/S) faced downgrades to Hold, signaling caution in some growth areas.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.