Baird Downgrades Concrete Pumping Holdings to Neutral, Announces $8.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Andrew Wittmann has downgraded Concrete Pumping Holdings (NASDAQ:BBCP) from Outperform to Neutral and set a price target of $8.5.
October 19, 2023 | 1:33 pm
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NEGATIVE IMPACT
Concrete Pumping Holdings has been downgraded by Baird from Outperform to Neutral with a new price target of $8.5.
The downgrade from Outperform to Neutral by Baird indicates a less optimistic outlook for the company's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $8.5 also provides a benchmark that the market may adjust towards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100