Wall Street Shakes Up Investment Outlook: PayPal, Hyatt, Estée Lauder & More See Downgrades

Wall Street analysts are making headlines with a flurry of rating changes, impacting the investment outlook for several key companies. Here’s a breakdown of the latest downgrades and adjusted price targets, offering insights into the shifts in market sentiment:

PayPal Holdings, Inc. (PYPL):

Phillip Securities downgraded PayPal from a ‘Buy’ to an ‘Accumulate’ rating, expressing a more cautious stance on the company’s future prospects. However, they simultaneously raised the price target from $80 to $90, suggesting potential upside despite the downgrade. PayPal shares closed at $79.30 on Thursday.

Hyatt Hotels Corporation (H):

HSBC analyst Meredith Jensen lowered the rating for Hyatt from ‘Buy’ to ‘Hold,’ citing concerns about the company’s future growth potential. This shift in sentiment is reflected in the $156 price target set by Jensen. Hyatt shares closed at $145.45 on Thursday.

Huntington Ingalls Industries, Inc. (HII):

TD Cowen analyst Gautam Khanna downgraded Huntington Ingalls from ‘Buy’ to ‘Hold,’ suggesting a more neutral stance on the company’s prospects. Khanna also set a price target of $180. Huntington Ingalls shares closed at $184.96 on Thursday.

The Estée Lauder Companies Inc. (EL):

JP Morgan analyst Andrea Teixeira downgraded the rating for Estée Lauder from ‘Overweight’ to ‘Neutral,’ expressing a more cautious outlook on the company’s future performance. Teixeira lowered the price target from $113 to $74. Estee Lauder shares closed at $68.94 on Thursday.

argenx SE (ARGX):

Baird analyst Joel Beatty downgraded argenx from ‘Outperform’ to ‘Neutral,’ signaling a shift in sentiment towards the company’s future growth potential. However, Beatty also raised the price target from $515 to $650, suggesting a potential upward trajectory despite the downgraded rating. argenx shares closed at $586.30 on Thursday.

These analyst ratings provide crucial insights into the evolving market landscape. Investors should carefully consider these changes, along with other relevant factors, before making any investment decisions.