Truist Securities Downgrades Carrols Restaurant Group to Hold, Lowers Price Target to $9.55
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett downgraded Carrols Restaurant Group (NASDAQ:TAST) from Buy to Hold and reduced the price target from $10 to $9.55.
January 22, 2024 | 11:49 am
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Truist Securities downgraded Carrols Restaurant Group to Hold and lowered the price target to $9.55, indicating a more cautious view on the stock's future performance.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The reduction in the price target further suggests a lower expected future valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100