Sidoti & Co. Downgrades CBIZ to Neutral, Announces $63 Price Target
Portfolio Pulse from Benzinga Newsdesk
Sidoti & Co. analyst Marc Riddick has downgraded CBIZ (NYSE:CBZ) from Buy to Neutral and set a price target of $63. This change reflects a revised outlook on the company's stock.

January 02, 2024 | 2:18 pm
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NEUTRAL IMPACT
CBIZ has been downgraded from Buy to Neutral by Sidoti & Co., with a price target of $63, indicating a potential change in investor sentiment.
The downgrade from Buy to Neutral by a reputable analyst like Marc Riddick suggests that the stock may not have as much upside potential as previously thought. The price target of $63 provides a reference point for investors, but the neutral rating implies that the stock is expected to perform in line with the market or sector averages. This could lead to a short-term stabilization or slight decrease in CBIZ's stock price as investors adjust to the new rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100