UBS Downgrades SPX Techs to Neutral, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Damian Karas has downgraded SPX Techs (NYSE:SPXC) from Buy to Neutral, while raising the price target from $80 to $90.
July 05, 2023 | 10:19 am
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NEUTRAL IMPACT
UBS has downgraded SPX Techs and raised its price target. This could lead to a neutral short-term impact on the stock.
The downgrade from Buy to Neutral indicates a less optimistic outlook for SPX Techs, which could dampen investor sentiment. However, the raised price target from $80 to $90 suggests that UBS still sees potential upside, which could offset some of the negative sentiment from the downgrade. Therefore, the short-term impact on the stock is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100