Analysts Cut Boeing, Lift Visa and Veeva

Barclays dominated the analyst tape on Wednesday, issuing target price revisions across five names in a single session.

BA took the sharpest hit. Anthony Valentini at Barclays cut his target from $300 to $250, a $50 drop, while keeping a Buy rating. The 17% target reduction reflects continued pressure on the aerospace giant.

V moved the other way. Barclays raised its target to $440 from $420, maintaining Buy. The consensus average target now sits at $436, with 36 analysts covering the stock.

VEEV got a lift too. Saket Kalia at Barclays raised his target on Veeva Systems to $375 from $360, with a Buy rating intact. Eighteen analysts cover the name, with eight on Hold.

UPS saw a target increase to $95 from $80 at Barclays, though the analyst kept a Sell rating. The higher target with a maintained Sell signals the stock may have recovered enough to reduce downside, but conviction on the bull case remains absent.

SPGI saw its consensus target tick up to $523 from $515 after a quiet upgrade. SHW moved the other way, with its consensus target trimmed to $379 from $383.

XYL was one to watch. RBC Capital's Jeffrey Reive cut his target on Xylem to $125 from $135, keeping Buy, suggesting near-term caution on the water technology company despite a longer-term positive view.