Truist Securities Downgrades Crestwood Equity Partners to Hold, Lowers Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Neal Dingmann has downgraded Crestwood Equity Partners (NYSE:CEQP) from Buy to Hold and lowered the price target from $31 to $28.
August 18, 2023 | 12:06 pm
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Crestwood Equity Partners has been downgraded from Buy to Hold by Truist Securities, with a lowered price target of $28.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a decrease in the stock price. The lowering of the price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
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