World Kinect Corporation shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform and announced a $22 price target.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities downgraded World Kinect Corporation (WKC) from Buy to Underperform and set a $22 price target, causing the stock to trade lower.
June 26, 2023 | 2:04 pm
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NEGATIVE IMPACT
World Kinect Corporation's stock is trading lower due to Bank of America Securities' downgrade from Buy to Underperform and a $22 price target.
The downgrade from Buy to Underperform by Bank of America Securities indicates a negative outlook for World Kinect Corporation's stock. The $22 price target also suggests limited upside potential, which may cause investors to sell the stock, leading to a short-term decline in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100