B of A Securities Downgrades Alignment Healthcare to Neutral, Announces $7.25 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Kevin Fischbeck has downgraded Alignment Healthcare (NASDAQ:ALHC) from Buy to Neutral and set a price target of $7.25.
November 02, 2023 | 12:35 pm
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NEGATIVE IMPACT
Alignment Healthcare's stock has been downgraded to Neutral from Buy by B of A Securities, with a new price target of $7.25.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Alignment Healthcare's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $7.25 also suggests a potential downside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100