B of A Securities Downgrades World Kinect to Underperform, Announces $22 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Ken Hoexter downgrades World Kinect (NYSE:WKC) from Buy to Underperform and announces a $22 price target.
June 26, 2023 | 10:38 am
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World Kinect (WKC) downgraded to Underperform by B of A Securities with a $22 price target.
The downgrade from Buy to Underperform by B of A Securities analyst Ken Hoexter indicates a negative outlook for World Kinect's stock price in the short term. The $22 price target suggests a potential downside, which may lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100