UBS Downgrades LSB Industries to Neutral, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has downgraded LSB Industries (NYSE:LXU) from Buy to Neutral and reduced the price target from $11 to $9, indicating a more cautious outlook on the company's stock.
January 31, 2024 | 12:10 pm
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LSB Industries has been downgraded by UBS from Buy to Neutral with a lowered price target from $11 to $9, suggesting a tempered expectation for the stock's performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic view on the company's future performance. The reduction in price target further implies that the expected upside for the stock is now lower than previously estimated.
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