UBS Downgrades LSB Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has downgraded LSB Industries (NYSE:LXU) from a previous rating to Neutral and reduced the price target from $11.00 to $9.00. LSB Industries' shares are currently trading down at $7.98, which is a 3.86% decrease. The new price target suggests a potential upside of 12.78% from the current share price. LSB Industries is a manufacturer and seller of chemical products for agricultural, industrial, and mining markets in the United States.
January 31, 2024 | 5:00 pm
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NEGATIVE IMPACT
UBS downgraded LSB Industries to Neutral and lowered the price target from $11.00 to $9.00. The stock is currently trading at $7.98, down 3.86%.
The downgrade by UBS is a direct negative sentiment towards LSB Industries, indicating less confidence in the company's near-term performance. The reduction in price target, coupled with the current decrease in share price, is likely to influence investor perception negatively, potentially leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100