LCI Industries shares are trading lower after DA Davidson downgraded the stock from Neutral to Underperform and lowered its price target from $113 to $91.
Portfolio Pulse from Benzinga Newsdesk
LCI Industries' stock has been downgraded from Neutral to Underperform by DA Davidson, who also lowered its price target from $113 to $91. This has resulted in a decrease in the trading price of LCI Industries shares.
October 06, 2023 | 2:45 pm
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NEGATIVE IMPACT
LCI Industries' stock was downgraded by DA Davidson, leading to a decrease in its trading price. The price target was also lowered from $113 to $91.
The downgrade from DA Davidson is a negative signal to the market, indicating a lack of confidence in the company's short-term performance. This, coupled with the lowered price target, is likely to put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100