DA Davidson Downgrades UFP Industries to Neutral, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Kurt Yinger has downgraded UFP Industries (NASDAQ:UFPI) from Buy to Neutral and lowered the price target from $122 to $106.
November 01, 2023 | 12:41 pm
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UFP Industries has been downgraded from Buy to Neutral by DA Davidson, with a lowered price target of $106.
The downgrade from Buy to Neutral by DA Davidson indicates a less optimistic outlook for UFP Industries. The lowered price target from $122 to $106 also suggests that the analyst sees less upside potential in the stock, which could negatively impact its short-term price.
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IMPORTANCE 80
RELEVANCE 100