B of A Securities Downgrades Latham Group to Underperform, Lowers Price Target to $2.6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Rafe Jadrosich downgraded Latham Group (NASDAQ:SWIM) from Buy to Underperform and reduced the price target from $4.5 to $2.6, indicating a negative outlook on the company's stock.
March 13, 2024 | 12:06 pm
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Latham Group's stock rating was downgraded by B of A Securities from Buy to Underperform, with a price target reduction from $4.5 to $2.6.
The downgrade by a significant financial institution like B of A Securities, coupled with a substantial reduction in the price target, suggests a bearish outlook on Latham Group's stock. This is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100