Today's most important price target changes

Stifel lowered the price target on Jacobs Engineering Group Inc. (NYSE: J) to $148.00 from $150.00 while maintaining a Buy rating. The company shares fell nearly 3% today on worse-than-expected 2023 guidance, while Q4 results beat the estimates.

Goldman Sachs lowered the price target on J.M. Smucker (NYSE: SJM) to $123.00 from $125.00 while maintaining a Sell rating. While the company reported a Q2 beat and raised its full-year outlook, the analysts continue to view management’s full-year forecast as conservative but nonetheless lower their estimates as they trim their forward organic sales expectations in anticipation of the company reinvesting in price and promotions to close price gaps and contest with rising competitive activity.

Citi lowered the price target on Unity Software (NYSE: U) to $54.00 from $61.00 while maintaining a Buy rating. Shares dropped more than 7% today.

Argus lowered the price target on Williams-Sonoma (NYSE: WSM) to $180.00 from $200.00 while maintaining a Buy rating. Shares fell more than 2% today on several price target cuts and a Barclays downgrade.

Citi raised the price target on EOG Resources (NYSE: EOG) to $160.00 from $150.00 while maintaining a Buy rating.

By Davit Kirakosyan

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