UBS Downgrades Rollins to Neutral, Maintains Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Chan downgraded Rollins (NYSE:ROL) from Buy to Neutral while maintaining the price target at $49.
April 15, 2024 | 12:05 pm
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NEUTRAL IMPACT
UBS downgraded Rollins from Buy to Neutral, with the price target remaining at $49.
Analyst downgrades typically lead to a mixed short-term market reaction. While the downgrade from Buy to Neutral suggests a more cautious outlook by UBS, the maintenance of the price target at $49 indicates that the analyst believes the stock is fairly valued at current levels. This could lead to a neutral short-term impact on the stock as investors digest the implications of the downgrade against the backdrop of the maintained price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100