Stephens & Co. Downgrades Masonite International to Equal-Weight, Lowers Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Trey Grooms has downgraded Masonite International (NYSE:DOOR) from Overweight to Equal-Weight and lowered the price target from $130 to $93.
November 09, 2023 | 2:24 pm
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Masonite International has been downgraded by Stephens & Co. from Overweight to Equal-Weight, with a lowered price target from $130 to $93.
The downgrade from Overweight to Equal-Weight by Stephens & Co. indicates a less optimistic outlook for Masonite International. The lowered price target from $130 to $93 also suggests that the analyst believes the stock may underperform in the future. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100