PayPal (PYPL, -2.3%) retreated after a Jefferies downgrade. Goldman Sachs' Mark Delaney called Tesla a "Best Idea" in electric vehicles and hiked his price target to $1,200 from $1,125 previously, citing bullishness on EV adoption broadly. "And with valuation still roughly five times above pre-COVID averages, we see little room for expansion.” Where to Find Yield Today's muted market reaction to sky-high inflation numbers was likely a sign of relief for many investors who have seen their portfolios take a hit during the recent selling.