Piper Sandler Downgrades ChampionX to Neutral, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ian Macpherson downgraded ChampionX (NASDAQ:CHX) from Overweight to Neutral and reduced the price target from $38 to $32.
January 08, 2024 | 12:38 pm
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NEGATIVE IMPACT
ChampionX downgraded by Piper Sandler from Overweight to Neutral with a price target decrease from $38 to $32, potentially impacting investor sentiment.
Downgrades by analysts can lead to negative investor sentiment and a decrease in stock price. The reduction in price target suggests a lower expected future performance for ChampionX, which may result in a short-term decline in the stock's price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100