B of A Securities Downgrades Duckhorn Portfolio to Neutral, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Peter Galbo has downgraded Duckhorn Portfolio (NYSE:NAPA) from Buy to Neutral and reduced the price target from $15 to $11.
December 07, 2023 | 12:17 pm
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NEGATIVE IMPACT
Duckhorn Portfolio's stock rating was downgraded by B of A Securities from Buy to Neutral, and the price target was lowered from $15 to $11.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lowered expectation of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100