Baird Maintains Neutral on Resources Connection, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Marcon maintains a Neutral rating on Resources Connection (NASDAQ:RGP) and lowers the price target from $15 to $13.
April 04, 2024 | 5:11 pm
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NEGATIVE IMPACT
Baird analyst Mark Marcon maintains a Neutral rating on Resources Connection and lowers the price target from $15 to $13.
The reduction in price target by Baird, from $15 to $13, suggests a bearish outlook on the stock's short-term price movement. Given the analyst's neutral stance remains unchanged, the adjustment in price target is likely based on revised earnings expectations or market conditions affecting Resources Connection. This could lead to a negative perception among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100