Wolfe Research Downgrades Forward Air to Underperform, Announces $80 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Scott Group has downgraded Forward Air (NASDAQ:FWRD) from Peer Perform to Underperform and set a price target of $80.
August 11, 2023 | 9:37 am
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Forward Air has been downgraded to Underperform from Peer Perform by Wolfe Research, with a price target of $80.
The downgrade from Wolfe Research is likely to negatively impact the stock price of Forward Air in the short term. The new rating of Underperform suggests that the analyst believes the company will underperform the market or its sector in the near future. The price target of $80 provides a reference point for investors, which could also influence the stock's movement.
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IMPORTANCE 80
RELEVANCE 100