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Wednesday's Top Analyst Upgrades and Downgrades: Block, Boeing, Freeport-McMoRan, GoodRx, Kosmos Energy, PayPal, Shopify, Starbucks, Toast and More

PACCAR Inc. (NASDAQ: PCAR): Jefferies downgraded the stock from Buy to Hold with an $85 target price. The consensus target is up at $99.71. The stock closed on Tuesday at $82.84.

PayPal Holdings Inc. (NASDAQ: PYPL): Stephens began coverage of the payment heavyweight with an Equal Weight rating and a $135 target price. The consensus target is up at $178.28. The stock was last seen on Tuesday trading at $117.65.

Ping Identity Holding Corp. (NYSE: PING): KeyBanc Capital Markets started coverage with an Overweight rating and a $34 target price. The consensus target is $30.60. The shares closed at $27.33 on Tuesday.

Pool Corp. (NASDAQ: POOL): Stifel started coverage with a Buy rating and a $485 price objective. The consensus target is up at $539.14. The last trade on Tuesday came in at $433.54.

Shopify Inc. (NYSE: SHOP): Wells Fargo initiated coverage with an Overweight rating and an $834 target price. The consensus target is a stunning $1,529.95. The shares closed on Tuesday at $702.92.

Starbucks Corp. (NASDAQ: SBUX): Jefferies maintained a Buy rating on the ubiquitous coffee shop retailer and has a $130 price target. Like many Wall Street firms, the analyst applauds the return of longtime CEO Howard Schultz as the company has hit some headwinds, not the least of which is union organization. The consensus target is $113.55. The stock closed down close to 5% on Tuesday at $84.12.

Toast Inc. (NYSE: TOST): Wells Fargo started coverage with an Overweight rating and a $29 target price. The consensus target is $33.60. The shares closed on Tuesday at $21.19, after plunging 12% on no news we could find.

Williams-Sonoma Inc. (NYSE: WSM): Zacks has picked this stock as its Bull of the Day. The analyst points out that this mid-luxury home-focused retailer just wrapped up a stellar 2021. Shares last closed at $148.78, and the consensus price target is $180.29.


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Tuesday’s top analyst upgrades and downgrades included Analog Devices, Baxter, BorgWarner, Caesars Entertainment, CarMax, Chevron, Hertz Global, Li Auto, Starbucks, Tesla and Twitter. Analyst calls seen later in the day were on Carvana, First Solar, Freeport-McMoRan and more.

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