Oppenheimer Maintains Outperform on Barnes Gr, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Christopher Glynn maintains an Outperform rating on Barnes Group (NYSE:B) but has lowered the price target from $48 to $30.
October 30, 2023 | 6:50 pm
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Oppenheimer has maintained an Outperform rating on Barnes Group but lowered the price target from $48 to $30.
The news is directly about Barnes Group. While the Outperform rating is maintained, the lowering of the price target could indicate a potential decrease in the stock's value. However, the impact on the stock price is uncertain as the Outperform rating suggests that the analyst still expects the stock to do better than the market average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100