Barclays Downgrades ICL Group to Underweight, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer has downgraded ICL Group (NYSE:ICL) from Overweight to Underweight and reduced the price target from $6.5 to $4.
January 12, 2024 | 11:09 am
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Barclays analyst downgraded ICL Group from Overweight to Underweight and cut the price target from $6.5 to $4, indicating a bearish outlook.
The downgrade by a major analyst like Barclays can have a significant negative impact on investor sentiment and the stock price of ICL Group in the short term. The reduction in the price target further emphasizes the bearish outlook, suggesting that the stock may be overvalued at its current price.
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