Stephens & Co. Maintains Equal-Weight Rating for Ryder System: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stephens & Co. has maintained its Equal-Weight rating for Ryder System (NYSE:R) but lowered its price target from $105.00 to $102.00. Ryder System's shares are currently trading at $93.22, and a move to $102.00 would represent a 9.42% increase.
October 27, 2023 | 5:00 pm
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Stephens & Co. has maintained its Equal-Weight rating for Ryder System but lowered its price target. This could potentially influence investors' perception of the stock.
Analyst ratings and price targets can significantly influence investor sentiment and trading behavior. While the maintenance of the Equal-Weight rating suggests that Stephens & Co. still sees Ryder System as a solid investment, the lowering of the price target might indicate a slightly less optimistic outlook for the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100