Xponential Fitness shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $35 to $16.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has downgraded Xponential Fitness from 'Buy' to 'Neutral' and reduced its price target from $35 to $16. This has led to a decrease in the company's stock price.
November 01, 2023 | 4:13 pm
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Xponential Fitness's stock has been downgraded by BofA Securities, leading to a decrease in its stock price.
The downgrade by BofA Securities from 'Buy' to 'Neutral' and the reduction in price target from $35 to $16 indicates a less optimistic outlook for Xponential Fitness. This can lead to a decrease in demand for the stock, thereby causing a drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100