B. Riley Securities Downgrades Saratoga Investment to Neutral, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe has downgraded Saratoga Investment (NYSE:SAR) from Buy to Neutral and set a price target of $28.
January 08, 2024 | 2:43 pm
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NEGATIVE IMPACT
Saratoga Investment was downgraded by B. Riley Securities from Buy to Neutral with a new price target of $28.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $28 provides a reference point that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100