Stifel Maintains Hold on Forward Air, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan has maintained a Hold rating on Forward Air (NASDAQ:FWRD) but has reduced the price target from $80 to $55.
January 22, 2024 | 8:09 pm
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Stifel analyst J. Bruce Chan maintains a Hold rating on Forward Air and lowers the price target from $80 to $55.
The reduction in price target by Stifel suggests a bearish outlook on Forward Air's stock value in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the new target suggests a lower expected value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100