Terniumshares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $58 to $47.
Portfolio Pulse from Benzinga Newsdesk
Ternium shares are trading lower after Bank of America Securities downgraded the stock from Buy to Neutral and lowered its price target from $58 to $47.
June 12, 2023 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bank of America Securities downgraded Ternium (TX) from Buy to Neutral and lowered its price target from $58 to $47.
The downgrade from Buy to Neutral by Bank of America Securities and the reduction in price target from $58 to $47 indicate a less optimistic outlook for Ternium's stock price. This is likely to have a negative impact on the stock in the short term as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100