Goldman Sachs Initiates Coverage On Worthington Enterprises with Sell Rating, Announces Price Target of $50
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has initiated coverage on Worthington Enterprises (NYSE:WOR) with a Sell rating and set a price target of $50.
January 22, 2024 | 10:09 am
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Goldman Sachs has initiated coverage on Worthington Enterprises with a Sell rating and a price target of $50, which could influence the stock's performance negatively.
Analyst ratings, especially from prominent financial institutions like Goldman Sachs, can significantly impact a stock's performance. A Sell rating typically suggests that the analyst believes the stock will underperform the market or its sector, leading to potential selling pressure. The announcement of a price target below the current market price can further reinforce the negative sentiment.
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