B of A Securities Initiates Coverage On Fortrea Holdings with Underperform Rating, Announces Price Target of $27
Portfolio Pulse from richadhand@benzinga.com
B of A Securities has initiated coverage on Fortrea Holdings (NASDAQ:FTRE) with an Underperform rating and a price target of $27.
August 07, 2023 | 1:23 pm
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B of A Securities has given Fortrea Holdings an Underperform rating with a price target of $27, which could potentially impact the stock negatively.
The Underperform rating from B of A Securities suggests that the analyst believes Fortrea Holdings will do worse than the market average. This could lead to a decrease in the stock's price. The price target of $27 also provides a benchmark that the market may adjust to.
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