Stephens & Co. Maintains Equal-Weight on Ryder System, Lowers Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Justin Long has maintained an Equal-Weight rating on Ryder System (NYSE:R) and lowered the price target from $105 to $102.
October 27, 2023 | 2:41 pm
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NEUTRAL IMPACT
Ryder System's price target has been lowered from $105 to $102 by Stephens & Co., while maintaining an Equal-Weight rating.
The news of a lowered price target could potentially have a negative impact on investor sentiment, but as the rating has been maintained at Equal-Weight, it suggests that the analyst still sees value in the stock. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100