Stifel Downgrades Astec Industries to Hold, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott downgraded Astec Industries (NASDAQ:ASTE) from Buy to Hold and reduced the price target from $47 to $37.
May 02, 2024 | 9:21 am
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NEGATIVE IMPACT
Astec Industries was downgraded by Stifel from Buy to Hold with a price target reduction from $47 to $37.
The downgrade from Buy to Hold by a prominent analyst, coupled with a significant reduction in price target, is likely to negatively impact investor sentiment and Astec Industries' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100