Sidoti & Co. Downgrades CTS to Neutral, Announces $46 Price Target
Portfolio Pulse from Benzinga Newsdesk
Sidoti & Co. analyst John Franzreb downgraded CTS Corporation (NYSE:CTS) from Buy to Neutral and set a price target of $46.
February 07, 2024 | 2:04 pm
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NEUTRAL IMPACT
CTS Corporation was downgraded from Buy to Neutral by Sidoti & Co., with a new price target of $46.
Analyst downgrades typically lead to a mixed short-term market reaction. The downgrade to Neutral suggests a lack of strong positive catalysts, but the set price target above current levels indicates some potential upside. The impact is considered neutral due to these balancing factors.
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