DA Davidson Downgrades Federal Signal to Neutral, Lowers Price Target to $66
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Michael Shlisky has downgraded Federal Signal (NYSE:FSS) from Buy to Neutral and lowered the price target from $68 to $66.
July 31, 2023 | 1:26 pm
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NEGATIVE IMPACT
Federal Signal has been downgraded from Buy to Neutral by DA Davidson, with a lowered price target of $66.
The downgrade from Buy to Neutral by DA Davidson indicates a less optimistic outlook for Federal Signal. The lowering of the price target from $68 to $66 also suggests that the analyst sees less upside potential in the stock. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100