B of A Securities Downgrades Xponential Fitness to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Alexander Perry has downgraded Xponential Fitness (NYSE:XPOF) from Buy to Neutral and lowered the price target from $35 to $16.

November 01, 2023 | 12:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Xponential Fitness has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target from $35 to $16.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Xponential Fitness. The significant reduction in the price target from $35 to $16 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100