Stifel Downgrades V2X to Hold, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Bert Subin has downgraded V2X (NYSE:VVX) from Buy to Hold and reduced the price target from $59 to $52, indicating a more cautious outlook on the company's stock.
January 05, 2024 | 11:08 am
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Stifel's downgrade of V2X from Buy to Hold and a lower price target suggests a tempered expectation for the stock's performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic view on the company's future performance. The reduction in price target further implies that the analyst sees limited upside potential or increased risk factors that could affect the stock's valuation.
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