Stifel Downgrades Forward Air to Hold, Lowers Price Target to $103
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst J. Bruce Chan has downgraded Forward Air (NASDAQ:FWRD) from Buy to Hold and lowered the price target from $127 to $103.

August 11, 2023 | 8:54 am
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Forward Air has been downgraded from Buy to Hold by Stifel, with a lowered price target of $103.
The downgrade from Buy to Hold by Stifel indicates a less optimistic outlook for Forward Air. The lowered price target from $127 to $103 also suggests that the analyst sees less upside potential in the stock, which could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100