Raymond James Downgrades Quipt Home Medical to Market Perform, Maintains Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rahul Sarugaser downgraded Quipt Home Medical (QIPT) from Outperform to Market Perform while maintaining the price target at $10.
February 16, 2024 | 7:02 pm
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NEUTRAL IMPACT
Quipt Home Medical was downgraded by Raymond James from Outperform to Market Perform, with the price target remaining at $10.
The downgrade by Raymond James from Outperform to Market Perform suggests a neutral outlook on Quipt Home Medical's stock in the short term. The maintenance of the price target at $10 indicates that the analyst believes the stock is fairly valued at its current level. This could lead to a neutral impact on the stock price in the short term as investors reassess their positions based on this new rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100