Northland Capital Markets Downgrades Allient to Market Perform, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Ted Jackson downgrades Allient (NASDAQ:ALNT) from Outperform to Market Perform and lowers the price target from $45 to $40.
March 07, 2024 | 3:49 pm
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Allient was downgraded by Northland Capital Markets from Outperform to Market Perform, with a price target reduction from $45 to $40.
The downgrade from Outperform to Market Perform by a reputable analyst, along with a reduction in price target, typically signals a bearish outlook on the stock, likely leading to a short-term negative impact on its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100