Redburn Atlantic Downgrades On Holding to Neutral, Announces $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Geoff Lowery downgraded On Holding (NYSE:ONON) from Buy to Neutral and set a $34 price target.
March 07, 2024 | 11:27 am
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On Holding was downgraded from Buy to Neutral by Redburn Atlantic analyst Geoff Lowery, with a new price target of $34.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
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