Stephens & Co. Downgrades Sovos Brands to Equal-Weight, Announces $23 Price Target
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Jim Salera has downgraded Sovos Brands (NASDAQ:SOVO) from Overweight to Equal-Weight and set a price target of $23.
August 08, 2023 | 12:54 pm
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Sovos Brands has been downgraded by Stephens & Co. from Overweight to Equal-Weight with a price target of $23.
The downgrade from Overweight to Equal-Weight by Stephens & Co. indicates a less optimistic outlook for Sovos Brands. This could potentially lead to a decrease in the stock's price in the short term. The price target of $23 also provides a benchmark for investors.
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