Craig-Hallum Downgrades XPEL to Hold, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Steve Dyer downgraded XPEL (NASDAQ:XPEL) from Buy to Hold and reduced the price target from $60 to $40.

May 03, 2024 | 4:48 pm
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XPEL was downgraded by Craig-Hallum from Buy to Hold with a price target reduction from $60 to $40.
The downgrade from Buy to Hold by a notable analyst, along with a significant reduction in the price target, is likely to negatively impact investor sentiment and potentially the stock price of XPEL in the short term. Such analyst actions often lead to immediate market reactions as investors adjust their expectations based on the new analyst outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100