Deutsche Bank Downgrades Avient to Hold, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst David Huang has downgraded Avient (NYSE:AVNT) from Buy to Hold and lowered the price target from $46 to $37.
November 06, 2023 | 10:41 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Avient's stock rating has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $37.
The downgrade from Buy to Hold indicates a less optimistic outlook for Avient's stock by Deutsche Bank. The lowered price target from $46 to $37 also suggests that the bank expects the stock's future performance to be weaker than previously anticipated. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100