Jefferies Downgrades Trinseo to Hold, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Laurence Alexander has downgraded Trinseo (NYSE:TSE) from Buy to Hold and lowered the price target from $22 to $9.
October 04, 2023 | 11:00 am
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Trinseo's rating has been downgraded from Buy to Hold by Jefferies, with a lowered price target from $22 to $9.
The downgrade from Buy to Hold indicates a less optimistic outlook for Trinseo's stock. The significant reduction in price target from $22 to $9 suggests that Jefferies expects a decrease in Trinseo's stock price in the short term. This could potentially lead to a negative impact on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100