Paramount Global (NASDAQ: PARA): Goldman Sachs kept a Buy rating on the shares but lowered the $54 price target to $37. The consensus target is $38.44. The shares closed on Wednesday at $30.18.
Pegasystems Inc. (NASDAQ: PEGA): Goldman Sachs began coverage with a Neutral rating and a $86 target. The consensus target is up at 110.80. The shares closed 4% higher on Wednesday at $75.79.
Red Rock Resorts Inc. (NASDAQ: RRR): Stifel lowered the $55 price target on the Neutral-rated shares to $50. The consensus target is $56. The stock closed at $41.57 after the company posted first-quarter earnings on Wednesday that topped estimates but revenues lagged.
Restaurant Brands International Inc. (NYSE: QSR): Baird reiterated a Neutral rating with a $62 target price. The consensus target is $68.57. The final trade for Wednesday was reported at $54.31.
Revolve Group Inc. (NYSE: RVLV): Baird reiterated an Outperform rating but lowered the price objective to $65 from $70. The consensus target is $67.44 for now. The stock closed Wednesday at $37.01, down almost 15% for the day despite reasonable numbers and earnings growth reported.
Skillsoft Corp. (NYSE: SKIL): Barclays resumed coverage with an Overweight rating and a $7 target price. The consensus target is $11.75. The stock closed on Wednesday at $5.08.
S&P Global Inc. (NYSE: SPGI): Goldman Sachs reiterated a Buy rating with a $425 target price objective, following the recently completed merger with IHS Markit. The consensus target is higher at $475. The closing share price on Wednesday was $364.32.
Starbucks Corp. (NASDAQ: SBUX): Baird reiterated a Neutral rating on the ubiquitous coffee retailer and has an $85 price objective. The consensus target is $104.03. The shares ended trading on Wednesday at $81.64.
Tetra Technologies Inc. (NYSE: TTI): Stifel lifted the target price on Buy-rated shares to $6 from $5. The consensus target is $5.50. The stock closed at $4.57 on Wednesday.
Seven dividend-paying S&P 500 stocks should all hold up better in a sharp sell-off than high-beta momentum stocks will. They are strong players in their respective sectors and incredible ideas in a very shaky market.
Wednesday’s early top analyst upgrades and downgrades included Academy Sports & Outdoors, Arista Networks, Colgate-Palmolive, Expedia, Global Payments, Huntsman, InMode, ON Semiconductor and ZoomInfo Technologies. Analyst calls seen later in the day were on Block, Lyft, Starbucks and more.
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