UBS Downgrades Buckle to Sell, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mauricio Serna has downgraded Buckle (NYSE:BKE) from Neutral to Sell and reduced the price target from $37 to $34, indicating a bearish outlook on the company's stock.
January 05, 2024 | 1:59 pm
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UBS analyst Mauricio Serna downgraded Buckle's stock from Neutral to Sell and lowered the price target from $37 to $34, suggesting a negative sentiment towards BKE's future stock performance.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a bearish view on the company's prospects. The reduction in the price target further emphasizes the expectation of a lower valuation for BKE.
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