Stephens & Co. Downgrades Noodles to Equal-Weight, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long downgraded Noodles (NASDAQ:NDLS) from Overweight to Equal-Weight and lowered the price target from $7 to $5.
May 19, 2023 | 10:08 am
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Noodles (NDLS) downgraded to Equal-Weight by Stephens & Co. analyst Joshua Long, with a lowered price target of $5.
The downgrade from Overweight to Equal-Weight and the lowering of the price target from $7 to $5 by Stephens & Co. analyst Joshua Long indicates a less optimistic outlook for Noodles (NDLS) in the short term. This could lead to a negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100