Regional Management shares are trading lower after the company reported Q3 financial results. Also, Stephens & Co lowered its price target on the stock from $38 to $30.
Portfolio Pulse from Benzinga Newsdesk
Regional Management's shares have dropped following the release of their Q3 financial results. Additionally, Stephens & Co has reduced its price target for the company's stock from $38 to $30.
November 02, 2023 | 4:51 pm
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NEGATIVE IMPACT
Regional Management's stock price is likely to be negatively impacted in the short term due to disappointing Q3 results and a lowered price target by Stephens & Co.
The company's Q3 financial results were not up to the mark, which has led to a decrease in its stock price. Additionally, the reduction in the price target by Stephens & Co from $38 to $30 further indicates a lack of confidence in the company's performance, which could lead to further selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100