— Shares of the software company slid more than 12% following the company's analyst day on Tuesday. Stifel cut its target on the stock to $180 from $210, saying the "premium valuation" causes the firm to "remain on the sidelines." Analysts at RBC also lowered their target to $212 from $225.
— Shares of U.S. Bancorp rose 2% after the regional bank beat on the top and bottom lines of its third-quarter earnings. The firm reported earnings per share of $1.15 on revenue of $5.920 billion. Wall Street forecast earnings per share of $1.11 on revenue of $5.815, according to Refinitiv.
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