Barclays Maintains Equal-Weight on Trinseo, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Equal-Weight rating on Trinseo (NYSE:TSE) but lowered the price target from $15 to $7.
October 11, 2023 | 11:06 am
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Barclays has maintained an Equal-Weight rating on Trinseo but lowered the price target from $15 to $7, which could potentially impact the stock's performance.
The lowering of the price target by Barclays from $15 to $7 indicates a bearish outlook for Trinseo. This could potentially lead to a decrease in the stock's price in the short term as it may cause investors to reassess their positions.
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IMPORTANCE 80
RELEVANCE 100