B of A Securities Downgrades Albany Intl to Underperform, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Epstein downgrades Albany Intl (AIN) from Neutral to Underperform and lowers the price target from $105 to $95.

March 28, 2024 | 12:59 pm
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Albany Intl downgraded from Neutral to Underperform by B of A Securities, with a price target reduction from $105 to $95.
The downgrade of Albany Intl by a significant analyst like B of A Securities, coupled with a substantial reduction in the price target, is likely to negatively impact investor sentiment and the stock's short-term price. Analyst ratings and price targets are closely watched by investors as indicators of a stock's future performance. A downgrade to Underperform suggests that the analyst believes the stock will not perform as well as the overall market in the near term, which can lead to selling pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100