UBS Initiates Coverage On Iron Mountain with Sell Rating, Announces Price Target of $44
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Mcveigh has initiated coverage on Iron Mountain (NYSE:IRM) with a Sell rating and a price target of $44.
November 07, 2023 | 2:16 pm
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UBS has initiated coverage on Iron Mountain with a Sell rating and a price target of $44, which could negatively impact the stock's performance.
Analyst ratings often influence the market's perception of a stock. In this case, UBS, a major financial institution, has initiated coverage on Iron Mountain with a Sell rating. This suggests that they believe the stock's value will decrease, which could lead to a sell-off among investors. The price target of $44 also provides a benchmark that the market may react to. Therefore, this news is likely to have a negative impact on Iron Mountain's stock in the short term.
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