Baird Downgrades Douglas Dynamics to Neutral, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Timothy Wojs downgraded Douglas Dynamics (NYSE:PLOW) from Outperform to Neutral and reduced the price target from $36 to $25.
April 08, 2024 | 9:40 am
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Douglas Dynamics was downgraded by Baird from Outperform to Neutral, with a price target reduction from $36 to $25.
The downgrade from Outperform to Neutral by a reputable analyst, along with a significant reduction in the price target, suggests a bearish outlook on the stock. This could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100