B of A Securities Downgrades Retail Opportunity to Underperform, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Craig Schmidt downgraded Retail Opportunity (NASDAQ:ROIC) from Neutral to Underperform and reduced the price target from $14.5 to $12.
April 05, 2024 | 11:23 am
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Retail Opportunity was downgraded from Neutral to Underperform by B of A Securities, with a price target reduction from $14.5 to $12.
The downgrade from Neutral to Underperform and the reduction in price target from $14.5 to $12 by a significant analyst at B of A Securities suggests a bearish outlook on ROIC. This is likely to negatively impact investor sentiment and could lead to a short-term decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100