RF Lafferty Downgrades Workhorse Gr to Hold, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
RF Lafferty analyst Jaime Perez downgraded Workhorse Group (WKHS) from Buy to Hold and set a price target of $1. This reflects a more cautious stance on the company's stock.
November 15, 2023 | 4:53 pm
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Workhorse Group was downgraded by RF Lafferty from Buy to Hold with a new price target of $1, indicating a bearish outlook on the stock.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The setting of a low price target of $1 further suggests a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100