BMO Capital Downgrades ARKO to Market Perform, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Kelly Bania has downgraded ARKO Corp (NASDAQ:ARKO) from Outperform to Market Perform and reduced the price target from $10 to $8.
November 14, 2023 | 10:56 am
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NEGATIVE IMPACT
ARKO Corp was downgraded by BMO Capital from Outperform to Market Perform, with a price target decrease from $10 to $8.
Downgrades by analysts can lead to a negative perception among investors and a potential decrease in stock price. The reduction in price target further suggests a lowered expectation of the company's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100