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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100