B. Riley Securities Downgrades Fidus Investment to Neutral, Announces $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe has downgraded Fidus Investment (FDUS) from Buy to Neutral and set a price target of $22. This change reflects a revised outlook on the company's stock by the analyst.
January 08, 2024 | 2:55 pm
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NEUTRAL IMPACT
Fidus Investment was downgraded from Buy to Neutral by B. Riley Securities, with a new price target of $22, indicating a potential change in stock performance expectations.
The downgrade from Buy to Neutral by a reputable analyst could lead to a short-term neutral impact on FDUS's stock price as the market absorbs the news. The setting of a price target provides a benchmark for investors but does not necessarily indicate a significant upside or downside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100