B. Riley Securities Downgrades Fox Factory Hldg to Neutral, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Fox Factory Hldg (NASDAQ:FOXF) from Buy to Neutral and lowered the price target from $125 to $80.
November 03, 2023 | 10:18 am
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Fox Factory Hldg has been downgraded from Buy to Neutral by B. Riley Securities, with a lowered price target from $125 to $80.
The downgrade from Buy to Neutral by B. Riley Securities indicates a less optimistic outlook for Fox Factory Hldg. The lowered price target from $125 to $80 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100