This morning, Benchmark lowered its price target on shares of Expedia (NASDAQ:EXPE) to $32 as domestic travel spending could decline as economic uncertainty increases. In the report, Benchmark maintained its hold rating.
Shares of Expedia were higher despite the report, picking up 1.6% today.
UBS cut its price target on shares of McDonald's (NYSE:MCD) to $96 as commodity headwinds could impact earnings at the fast food restaurant chain. With the lower price target, UBS maintained its buy rating.
Shares of McDonald's were also higher despite the report, gaining 1.2% so far.
And Jefferies lowered its price target on shares of Nabors Industries (NYSE:NBR) to $22 as the industry is seeing lower margins. With the lower price target, Jefferies reduced its EPS estimates, but maintained its buy rating.
Shares of NBR were modestly higher on Tuesday, picking up 0.4% today.
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