Raymond James Downgrades Cadre Hldgs to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Gesuale has downgraded Cadre Holdings (CDRE) from Outperform to Market Perform, indicating a neutral outlook on the company's stock.

January 22, 2024 | 12:30 pm
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NEUTRAL IMPACT
Cadre Holdings has been downgraded by Raymond James from Outperform to Market Perform, suggesting that the stock may not outperform the market in the near term.
The downgrade by a prominent analyst like Brian Gesuale can influence investor sentiment and potentially lead to a neutral or slightly negative short-term impact on Cadre Holdings' stock price. However, the change to 'Market Perform' does not necessarily predict a significant decline, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100