Terran Orbital shares are trading lower after B. Riley Securities downgraded the stock from Buy to Neutral and lowered its price target from $2.5 to $1.35.
Portfolio Pulse from Benzinga Newsdesk
Terran Orbital's stock is trading lower following a downgrade by B. Riley Securities from Buy to Neutral, with a reduced price target from $2.5 to $1.35.
January 08, 2024 | 7:04 pm
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Terran Orbital, trading under the ticker LLAP, experienced a stock price decline after an analyst downgrade and a lower price target set by B. Riley Securities.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to immediate stock price reactions. The downgrade from Buy to Neutral suggests a less optimistic outlook on the company's performance, and the substantial reduction in price target may lead to decreased investor confidence and selling pressure in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100