Lake Street Downgrades Big 5 Sporting Goods to Hold, Announces $9.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Lake Street analyst Mark Smith has downgraded Big 5 Sporting Goods (NASDAQ:BGFV) from Buy to Hold and set a price target of $9.5.
August 04, 2023 | 11:12 am
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Big 5 Sporting Goods has been downgraded from Buy to Hold by Lake Street, with a new price target of $9.5.
The downgrade from Buy to Hold suggests that the analyst believes the stock's price will not appreciate significantly in the near future, which could negatively impact investor sentiment and the stock's price. The new price target of $9.5 also provides a benchmark that the market may adjust to.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100