BMO Capital Downgrades LCI Indus to Underperform, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Tristan Thomas-Martin has downgraded LCI Industries (NYSE:LCII) from Market Perform to Underperform and reduced the price target from $105 to $100.
January 22, 2024 | 12:07 pm
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NEGATIVE IMPACT
LCI Industries was downgraded by BMO Capital from Market Perform to Underperform, with a price target cut from $105 to $100.
Downgrades by analysts, especially from a neutral to a negative rating, can lead to a decrease in investor confidence and a potential drop in the stock price. The reduction in the price target further suggests a bearish outlook on the stock's value, which may influence short-term trading sentiment negatively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100