Loop Capital Downgrades Leslies to Hold, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
Loop Capital analyst Garik Shmois has downgraded Leslies (NASDAQ:LESL) from Buy to Hold and lowered the price target from $16 to $6.
July 18, 2023 | 10:21 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Leslies has been downgraded from Buy to Hold by Loop Capital, and its price target has been lowered from $16 to $6.
The downgrade from Buy to Hold indicates a less optimistic outlook for the stock by the analyst. The significant reduction in price target from $16 to $6 suggests that the analyst expects the stock price to decrease in the short term. This could potentially lead to a sell-off by investors, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100