© Reuters Today’s most important price target changes
Wells Fargo lowered the price target on Bed Bath & Beyond (BBBY) to $1.00 from $2.00 while maintaining an Underweight rating. Shares dropped more than 29% today and were trading more than 9% lower after hours on the WSJ report, according to which the company is preparing to file for bankruptcy within weeks as the key holiday season brought little reprieve to the home goods retailer after sales fell short of expectations.
Wedbush lowered the price target on Silvergate Capital Corp. (SI) to $15.00 from $25.00 while maintaining an Outperform rating. Shares plummeted more than 42% today after the company sold assets at a significant loss to address $8.1 billion in deposit withdrawals.
Baird lowered the price target on Kilroy Realty (KRC) to $51.00 from $52.00 while maintaining a Neutral rating. Shares closed more than 4% lower today.
Truist Securities lowered the price target on Constellation Brands (STZ) to $215.00 from $245.00 while maintaining a Hold rating. Shares plunged more than 9% today on a Q3 EPS miss and lowered full-year guidance.
Cowen lowered the price target on Expeditors Int’l (EXPD) to $108.00 from $122.00 while maintaining a Market Perform rating.
Citi raised the price target on JD.com, Inc (JD) to $96.00 from $90.00 while maintaining a Buy rating.
By Davit Kirakosyan
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