UBS Downgrades Perimeter Solutions to Neutral, Lowers Price Target to $4.25
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has downgraded Perimeter Solutions (NYSE:PRM) from Buy to Neutral and lowered the price target from $7 to $4.25.
October 11, 2023 | 10:07 am
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NEGATIVE IMPACT
Perimeter Solutions has been downgraded from Buy to Neutral by UBS, with a lowered price target from $7 to $4.25.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for Perimeter Solutions. The lowered price target from $7 to $4.25 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100