© Reuters. Today’s Important Price Target Changes
BofA cut its price target on Etsy (ETSY) to $110 from $120 while maintaining a Neutral rating. The analysts believe a Q3 beat tomorrow is possible given a pickup in trends for the company’s largest categories per BAC aggregated card data and strengthening web traffic data, however, they are more cautious on Q4.
Deutsche Bank lowered the price target on NXP Semiconductors NV (NXPI) to $170.00 from $175.00 while maintaining a Buy rating following the company’s Q3 beat but softer Q4 guidance. Shares closed nearly 4% higher today.
Cowen lowered the price target on Saia Inc. (SAIA) to $230.00 from $231.00 while maintaining a Market Perform rating. The company reported a Q3 EPS miss as tonnage slipped in the quarter, though fared better than some of its LTL peers.
Morgan Stanley lowered the price target on Lear (LEA) to $133.00 from $140.00 while maintaining an Equal Weight rating. Shares fell more than 3% today despite the company’s reported Q3 beat.
Wells Fargo lowered the price target on Teladoc (TDOC) to $28.00 from $36.00 while maintaining an Equal Weight rating. Shares were down more than 2% today.
Goldman Sachs raised the price target on Leidos Holdings (LDOS) to $132.00 from $130.00 while maintaining a Buy rating. Shares rose nearly 2% today following the company’s reported Q3 beat.
Wells Fargo lowered the price target on FOX Corp. (FOXA) to $40.00 from $43.00 while maintaining an Overweight rating. Shares rose more than 5% today as the company’s Q1 results beat expectations.
By Davit Kirakosyan
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