Deutsche Bank Downgrades Dow to Hold, Announces $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst David Begleiter has downgraded Dow (NYSE:DOW) from Buy to Hold and set a price target of $58. This reflects a more cautious stance on the company's stock.
January 10, 2024 | 11:56 am
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Dow has been downgraded by Deutsche Bank from Buy to Hold with a new price target of $58, indicating a potential pause in upward momentum.
Downgrades by major banks can lead to a negative short-term reaction in the stock market as they often signal a change in the bank's outlook on the stock's future performance. The new price target of $58 may also suggest limited upside potential from the current trading price, leading to reduced investor enthusiasm.
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