Piper Sandler Downgrades Texas Roadhouse to Neutral, Announces $110 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brian Mullan has downgraded Texas Roadhouse (TXRH) from Overweight to Neutral and set a price target of $110. This reflects a change in the analyst's outlook on the stock, suggesting a more cautious stance on its future performance.
December 01, 2023 | 11:50 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Texas Roadhouse was downgraded by Piper Sandler from Overweight to Neutral with a price target of $110, indicating a shift to a more conservative view on the stock's potential.
Downgrades by analysts can lead to a mixed reaction in the market. While the new price target of $110 suggests some upside potential, the shift from Overweight to Neutral indicates less confidence in significant near-term growth. Investors may interpret this as a signal to be more conservative with their expectations for TXRH's stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100