Goldman Sachs Maintains Sell on Worthington Enterprises, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has maintained a Sell rating on Worthington Enterprises (NYSE:WOR) but raised the price target from $50 to $56.

March 22, 2024 | 10:19 am
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Goldman Sachs maintains a Sell rating on Worthington Enterprises but increases the price target from $50 to $56.
The maintenance of a Sell rating indicates a negative outlook on the stock by Goldman Sachs, suggesting that the analyst believes the stock may underperform the market or its sector. However, the increase in the price target from $50 to $56 suggests a slightly improved outlook on the company's valuation, possibly due to new data or a reevaluation of the company's prospects. This mixed signal could lead to short-term volatility in the stock price as investors digest the implications of the higher price target against the backdrop of a Sell rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100