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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100