- Keybanc cut PayPal Holdings, Inc. (NASDAQ:PYPL) price target from $115 to $100. . Keybanc analyst Josh Beck maintained the stock with an Overweight rating. PayPal shares rose 1.1% to $76.02 in pre-market trading.
- Raymond James lowered the price target on nLIGHT, Inc. (NASDAQ:LASR) from $40 to $30. Raymond James analyst Brian Gesuale maintained a Strong Buy rating on the stock. nLIGHT shares dipped 11% to close at $9.42 on Friday.
- Piper Sandler lowered AvalonBay Communities, Inc. (NYSE:AVB) price target from $189 to $160. Piper Sandler analyst Alex Goldfarb downgraded the stock from Neutral to Underweight. AvalonBay Communities shares fell 0.6% to $166.24 in pre-market trading.
- Berenberg cut The Estée Lauder Companies Inc. (NYSE:EL) price target from $323 to $220. Berenberg analyst Fulvio Cazzol downgraded the stock from Buy to Hold. Estée Lauder fell 2.6% to $205.01 in pre-market trading.
- Goldman Sachs cut Shell plc (NYSE:SHEL) price target from $79 to $76. Goldman Sachs analyst Michele Della Vigna downgraded the stock from Buy to Neutral. Shell shares fell 0.1% to $57.00 in pre-market trading.
- Needham slashed DraftKings Inc. (NASDAQ:DKNG) price target from $25 to $20. Needham analyst Bernie McTernan maintained a Buy rating on the stock. DraftKings shares rose 3.5% to $11.71 in pre-market trading.
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