Evercore ISI Group Downgrades Ryanair Hldgs to In-Line, Announces $140 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Duane Pfennigwerth downgraded Ryanair Holdings (NASDAQ:RYAAY) from Outperform to In-Line and set a price target of $140.

January 02, 2024 | 1:08 pm
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NEUTRAL IMPACT
Evercore ISI Group downgraded Ryanair Holdings to In-Line and set a price target of $140, potentially affecting investor sentiment and the stock's market performance.
Downgrades by analysts can lead to a negative perception among investors, potentially causing short-term stock price declines. However, the establishment of a price target can sometimes offset the negative impact of a downgrade if the target suggests an upside. In this case, the impact is neutral as the new price target may already be factored into the current trading price, or it may not represent a significant change from the current level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100