Stephens & Co. Downgrades Carrols Restaurant Group to Equal-Weight, Lowers Price Target to $9.55
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long downgraded Carrols Restaurant Group (NASDAQ:TAST) from Overweight to Equal-Weight and reduced the price target from $13 to $9.55.
January 16, 2024 | 8:53 pm
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Carrols Restaurant Group was downgraded by Stephens & Co. from Overweight to Equal-Weight, with a price target cut from $13 to $9.55.
Downgrades by analysts, especially with a significant reduction in price target, typically lead to negative investor sentiment and can result in a short-term decline in the stock's price.
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