Mizuho Downgrades Suburban Propane Partners to Underperform, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gabriel Moreen downgraded Suburban Propane Partners (NYSE:SPH) from Neutral to Underperform, while increasing the price target from $16 to $17.

January 29, 2024 | 3:07 pm
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Suburban Propane Partners was downgraded by Mizuho from Neutral to Underperform, although the price target was raised from $16 to $17.
The downgrade to Underperform suggests that Mizuho believes Suburban Propane Partners will underperform the market or its sector, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term. However, the increase in the price target to $17 indicates a belief that the stock still has some upside potential, which might mitigate the negative impact of the downgrade to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100