BMO Capital Maintains Market Perform on ARKO, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Kelly Bania maintains a Market Perform rating on ARKO Corp (NASDAQ:ARKO) and lowers the price target from $8 to $7.
February 29, 2024 | 1:18 pm
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BMO Capital maintains a Market Perform rating on ARKO Corp and lowers the price target from $8 to $7.
The reduction in price target by BMO Capital, a reputable financial institution, could lead to a negative short-term impact on ARKO's stock price. Investors often view such adjustments as a signal of expected performance, potentially leading to decreased investor confidence and a drop in stock price.
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