Street Lifts Targets on Payments, Paint, and Pharma

Analysts raised targets across several sectors on Tuesday. The moves follow a busy earnings period.

PayPal got the most attention in fintech. Consensus target prices rose to $56.95 from $55.53. That is a modest $1.40 lift. PayPal carries a $49.5B market cap. Short interest sits at 6.1% of free float — moderate but worth watching.

Sherwin-Williams saw its average analyst target climb to $384.85. The prior consensus sat at $380.85. Eleven analysts hold buys on the paint giant. Short interest is just 2.9% of free float.

Incyte Corporation scored a target upgrade to $120.59. The biotech had been pegged at $118.50. Thirteen analysts now hold hold ratings. One analyst rates it a buy.

Visa targets ticked up to $406.53 from $403.26. Thirty-eight analysts recommend the stock. Only one rates it a sell.

On the negative side, Corning saw its target cut to $197.53 from $200.53. NXP Semiconductors also saw a small target trim to $312.14. Both stocks face cautious sentiment despite broader market strength. Caterpillar received a new recommendation with its average target pulling back slightly to $958.83.