Goldman Sachs Downgrades Ryan Specialty Hldgs to Neutral, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Robert Cox has downgraded Ryan Specialty Hldgs (RYAN) from Buy to Neutral and reduced the price target from $57 to $53.
November 20, 2023 | 10:41 am
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Goldman Sachs downgraded Ryan Specialty Hldgs from Buy to Neutral and lowered the price target from $57 to $53.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The reduction in the price target further supports the expectation of a decrease in stock value.
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IMPORTANCE 80
RELEVANCE 100