B. Riley Securities Downgrades Runway Gwth Fin to Neutral, Lowers Price Target to $13.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe downgraded Runway Growth Finance (RWAY) from Buy to Neutral and reduced the price target from $14.5 to $13.5.

March 08, 2024 | 3:53 pm
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NEGATIVE IMPACT
Runway Growth Finance was downgraded by B. Riley Securities from Buy to Neutral, with a price target reduction from $14.5 to $13.5.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a less optimistic view on the company's future performance. The reduction in the price target further emphasizes the analyst's lowered expectations for the stock, likely leading to decreased investor confidence and a potential drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100