Barclays Initiates Coverage On Fortrea Holdings with Equal-Weight Rating, Announces Price Target of $29
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Luke Sergott has initiated coverage on Fortrea Holdings (NASDAQ:FTRE) with an Equal-Weight rating and a price target of $29.
August 16, 2023 | 8:47 am
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Barclays has initiated coverage on Fortrea Holdings with an Equal-Weight rating and a price target of $29.
The news of Barclays initiating coverage on Fortrea Holdings with an Equal-Weight rating and a price target of $29 is directly relevant to the company. However, an Equal-Weight rating typically suggests that the stock is expected to perform in line with the market or other stocks in its sector, hence the neutral score. The price target set by the analyst could influence investor sentiment and trading behavior, potentially impacting the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100