The Shyft Group shares are trading lower after multiple firms downgraded the stock and lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
Shares of The Shyft Group are trading lower following downgrades and lowered price targets from multiple firms.
July 28, 2023 | 4:32 pm
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NEGATIVE IMPACT
The Shyft Group's stock price is expected to decrease in the short term due to downgrades and lowered price targets from multiple firms.
The Shyft Group's stock price is likely to decrease in the short term as a result of the downgrades and lowered price targets from multiple firms. This is because such actions typically indicate a negative outlook on the company's future performance, which can lead to selling pressure among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100