Barclays Maintains Underweight Rating for NL Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for NL Industries (NYSE:NL) and lowered its price target from $6.00 to $5.00. NL Industries' shares are currently trading at $5.19, down 0.37% over the last 24 hours. A move to $5.00 would represent a 3.67% decline from the current share price.
August 25, 2023 | 5:01 pm
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Barclays has maintained its Underweight rating for NL Industries and lowered its price target, potentially indicating a negative outlook for the company's stock.
Barclays, a major financial institution, has maintained an Underweight rating for NL Industries, indicating that they believe the stock is expected to underperform compared to other stocks. Additionally, they have lowered their price target for the stock, which could lead to a decrease in the stock's price as it adjusts to this new target. This could potentially have a negative impact on the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100