Vertical Research Downgrades Ryder System to Hold, Announces $120 Price Target
Portfolio Pulse from Benzinga Newsdesk
Vertical Research analyst Jeffrey Kauffman downgraded Ryder System (NYSE:R) from Buy to Hold and set a price target of $120.

January 10, 2024 | 3:35 pm
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NEUTRAL IMPACT
Ryder System was downgraded by Vertical Research from Buy to Hold with a price target of $120.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price declines. However, the price target of $120 may suggest some upside potential, mitigating the negative impact. The exact short-term price movement will depend on market perception and the current price relative to the target.
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