DA Davidson Downgrades Shyft Group to Neutral, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Michael Shlisky has downgraded Shyft Group (NASDAQ:SHYF) from Buy to Neutral and lowered the price target from $32 to $16.
July 28, 2023 | 11:41 am
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Shyft Group's rating has been downgraded from Buy to Neutral by DA Davidson, with a lowered price target from $32 to $16.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock. The lowered price target from $32 to $16 suggests that the analyst believes the stock is overvalued at current prices. This could potentially lead to a decrease in the stock's price in the short term.
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