PayPal upgraded due to valuation and management, Etsy and Lululemon downgraded based on concerns.

From Investing.com: 2024-08-04 03:15:28

InvestingPro delivers insights from Wall Street analysts to subscribers. Arm Holdings got downgraded by HSBC, citing smartphone weakness and caution on AI PC narrative, with a $105 price target. Affirm Holdings saw an upgrade from BofA, with management fiscal goals considered achievable. PayPal received an upgrade from Bernstein SocGen to Outperform due to attractive valuation and management execution. Oppenheimer downgraded Etsy Inc to Perform, citing limited valuation upside and investment into cost-saving initiatives. Lastly, Lululemon was downgraded by Goldman Sachs to Neutral, expressing concerns over weaker execution and innovation, with a $286 price target.



Read more at Investing.com: Upgrade for PayPal; downgrades for Etsy, Lululemon By Investing.com