Armcor shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform and lowered its price target from $12.4 to $9.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has downgraded Armcor's stock from Buy to Underperform and reduced its price target from $12.4 to $9. This has resulted in Armcor shares trading lower.
July 10, 2023 | 3:46 pm
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NEGATIVE IMPACT
Armcor's stock has been downgraded by B of A Securities from Buy to Underperform, with a reduced price target from $12.4 to $9, leading to a decrease in share price.
The downgrade from Buy to Underperform by B of A Securities indicates a negative outlook for Armcor's stock. The reduction in price target from $12.4 to $9 further emphasizes this negative sentiment, which has led to a decrease in Armcor's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100