Sidoti & Co. Downgrades Encore Wire to Neutral, Announces $290 Price Target
Portfolio Pulse from Benzinga Newsdesk
Sidoti & Co. analyst Julio Romero downgraded Encore Wire (NASDAQ:WIRE) from Buy to Neutral and set a price target of $290.
April 16, 2024 | 6:10 pm
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NEUTRAL IMPACT
Encore Wire was downgraded by Sidoti & Co. from Buy to Neutral with a new price target of $290.
Analyst downgrades typically lead to a mixed short-term market reaction. The neutral rating suggests a balanced view on the stock's future performance, while the price target of $290 indicates a potential upside. Investors may react cautiously.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100