Wall Street analysts downgrade ratings for major companies including PayPal and Hyatt

Several Wall Street analysts have downgraded their ratings on major companies. Phillip Securities lowered PayPal's rating from Buy to Accumulate but increased its price target from $80 to $90. PayPal shares closed at $79.30. HSBC downgraded Hyatt Hotels from Buy to Hold, setting a price target of $156, while shares closed at $145.45. TD Cowen also downgraded Huntington Ingalls from Buy to Hold, with a price target of $180, as shares closed at $184.96. JP Morgan downgraded Estée Lauder from Overweight to Neutral, reducing the price target from $113 to $74. Estée Lauder shares closed at $68.94. Baird downgraded argenx from Outperform to Neutral but raised its price target from $515 to $650, with shares closing at $586.30.