Xponential Fitness shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $13.
Portfolio Pulse from Benzinga Newsdesk
Xponential Fitness shares have declined following a downgrade by Piper Sandler from Overweight to Neutral, with a reduced price target from $21 to $13.
January 03, 2024 | 12:52 pm
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NEGATIVE IMPACT
Xponential Fitness's stock price is expected to face downward pressure in the short term due to Piper Sandler's downgrade and lower price target.
Analyst downgrades typically lead to a negative perception among investors, often resulting in a short-term decline in the stock price. The substantial reduction in the price target from $21 to $13 by Piper Sandler is likely to further erode investor confidence and could lead to a sell-off.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100