Marriott and PayPal Downgraded as Palantir Targets Rise

Two significant downgrades stand out in Wednesday's analyst activity. MAR Marriott International was cut to Sell at the consensus level, with the average target price slipping to $403.62 from $393.35. The hotel giant joins PYPL PayPal, which was also downgraded, pushing its consensus to a more bearish mix with the average target holding near $56.83.

On the upgrade side, IT Gartner picked up a fresh upgrade. The research and advisory firm now carries three Buy ratings in consensus, up from two. Its average target price moved to $196.62.

PLTR Palantir saw the biggest absolute target price increase on the day. The consensus average rose to $217.68. With 21 Sell ratings against seven Buys, the stock remains deeply divisive on the Street despite recent momentum.

EXPD Expeditors International received a notable target hike, with the consensus average jumping to $189.47 from $181.47, an $8 move. Logistics names have been in focus as shipping conditions evolve.

PFE Pfizer also saw a small target price lift to $29.30. The stock continues to carry a heavy mix of Hold ratings from analysts cautious about its post-pandemic pipeline execution.

SBAC SBA Communications was the only tower name seeing a target cut today, with consensus dipping to $224.25. The cell tower sector has faced pressure from higher-for-longer rate concerns.