Truist Securities Downgrades BWX Technologies to Hold, Announces $95 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli downgraded BWX Technologies (NYSE:BWXT) from Buy to Hold and set a $95 price target.

March 25, 2024 | 11:09 am
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Truist Securities downgraded BWX Technologies from Buy to Hold and set a $95 price target.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. The downgrade from Buy to Hold indicates a neutral outlook, potentially leading to decreased investor confidence and a short-term decrease in stock price.
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