Here’s a look at the companies making headlines before the close: Tesla — Goldman Sachs raised its stock price target by $73 to $248 a share, as the electric car maker gained nearly 1% on better-than-expected second-quarter deliveries . Tesla has risen for ten consecutive trading days. Although Goldman Sachs raised its target price, the investment bank remains neutral on Tesla. The new target price implies a decline of about 5% from Tuesday’s closing price of $262.33. Taiwan Semiconductor Manufacturing — The company that makes semiconductor chips for artificial intelligence giants such as Nvidia and Apple rose 2%. According to a Reuters report, TSMC’s revenue from April to June this year was NT$673.51 billion, while analysts surveyed by LSEG expected NT$654.27 billion. 3M Co. — 3M shares fell 1.2% after the company announced that Chief Financial Officer Monish Patolawala would leave the company “to pursue another opportunity.” This change will take effect on July 31st. Needham said the stock could become a “profitable long-term growth story” as retail unit sales and unit gross margins continue to rise. Walmart — Shares rose 0.3% after Jefferies said the stock remains a top pick, citing its progress in artificial intelligence. Analysts have a price target of $77, implying an upside of 10.2% over the next 12 months. LegalZoom.com — Shares of LegalZoom fell more than 25% after the company lowered its full-year revenue forecast and announced the departure of CEO Dan Wernikoff. LegalZoom currently expects revenue to be between $675 million and $685 million. The company has issued guidance of $700 million to $720 million. Spotify Technology — The audio-streaming giant fell more than 1% after downgrading its rating to neutral, saying its revenue forecast was “too ambitious.” —CNBC’s Lisa Han, Alex Harring and Spencer Kimball contributed reporting
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