Loop Capital Downgrades Compass Minerals Intl to Hold, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Chris Kapsch downgraded Compass Minerals Intl (CMP) from Buy to Hold and reduced the price target from $29 to $26.

March 04, 2024 | 1:32 pm
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Compass Minerals Intl was downgraded by Loop Capital from Buy to Hold, with a price target reduction from $29 to $26.
The downgrade from Buy to Hold by a reputable analyst firm like Loop Capital suggests a less optimistic outlook on CMP's stock performance in the near term. Additionally, the reduction in the price target from $29 to $26 indicates a lowered expectation for the stock's value, which could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100