Wall Street's analyst community had a bearish Wednesday, delivering downgrades to five companies spanning everything from electric vehicles to insurance brokers. Here's what changed and where the price targets landed.

Rivian Gets a Sell Rating Despite Higher Price Target

UBS analyst Joseph Spak took Rivian Automotive Inc (RIVN) from Neutral down to Sell, though he also bumped the price target from $13 to $15. The catch? Rivian shares closed Tuesday at $18.85, suggesting Spak sees downside ahead even with the raised target.

Energy Infrastructure Loses Its Shine

Enterprise Products Partners LP (EPD) caught a downgrade from Wolfe Research analyst Keith Stanley, who moved the energy partnership from Peer Perform to Underperform. Stanley set a $31 price target on the stock, which closed Tuesday at $32.36, implying modest downside from current levels.

Government Contractor Reaches Hold Territory

Truist Securities analyst Tobey Sommer downgraded V2X Inc (VVX) from Buy to Hold while keeping the price target steady at $65. The government services contractor closed Tuesday at $65.52, essentially right at Sommer's target level.

Construction Materials Stock Loses Buy Rating

DA Davidson analyst Brent Thielman moved Martin Marietta Materials Inc (MLM) from Buy to Neutral, setting a $690 price target on the construction materials company. Martin Marietta shares finished Tuesday at $665.71, leaving some potential upside to Thielman's target despite the downgrade.

Insurance Broker Faces Sharp Target Cut

Perhaps the most significant move came from Cantor Fitzgerald analyst Ryan Tunis, who downgraded Arthur J. Gallagher & Co. (AJG) from Overweight to Neutral. The downgrade came with a substantial price target reduction from $344 down to $282. Arthur J. Gallagher shares closed Tuesday at $257.00, trading below even the reduced target.

These downgrades reflect shifting analyst perspectives on company prospects across multiple sectors, with price targets ranging from below current trading levels to modest premiums above Tuesday's closing prices.