B of A Securities Downgrades CNA Financial to Underperform, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Shanker downgraded CNA Financial (NYSE:CNA) from Neutral to Underperform, while raising the price target from $39 to $43.
February 06, 2024 | 1:15 pm
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CNA Financial was downgraded from Neutral to Underperform by B of A Securities, although the price target was raised from $39 to $43.
The downgrade to Underperform suggests a negative outlook on CNA Financial's stock performance in the short term, despite the increase in price target. This mixed signal could lead to short-term volatility in CNA's stock price as investors digest the implications of the downgrade against the backdrop of a higher price target.
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IMPORTANCE 90
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