Craig-Hallum Downgrades Babcock & Wilcox to Hold, Announces $2 Price Target
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Aaron Spychalla has downgraded Babcock & Wilcox (NYSE:BW) from Buy to Hold and set a price target of $2.
November 10, 2023 | 12:10 pm
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Babcock & Wilcox has been downgraded from Buy to Hold by Craig-Hallum, with a new price target of $2.
The downgrade from Buy to Hold by a reputable analyst suggests a less optimistic outlook for the company's stock. The new price target of $2 also indicates a potential decrease in the stock's value. This could negatively impact the short-term price of Babcock & Wilcox's stock.
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