Piper Sandler Downgrades LSB Industries to Underweight, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Charles Neivert downgraded LSB Industries (NYSE:LXU) from Neutral to Underweight and reduced the price target from $11.5 to $8.
February 29, 2024 | 1:25 pm
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LSB Industries was downgraded by Piper Sandler from Neutral to Underweight with a price target reduction from $11.5 to $8.
The downgrade by a prominent analyst and the significant reduction in price target are likely to negatively impact investor sentiment and the stock price of LSB Industries in the short term. Analyst ratings and price targets are closely watched by investors as indicators of a stock's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100