B of A Securities Maintains Underperform on Fortrea Holdings, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Derik De Bruin maintains an Underperform rating on Fortrea Holdings (NASDAQ:FTRE) and lowers the price target from $33 to $27.
May 14, 2024 | 4:35 pm
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Fortrea Holdings' price target was reduced from $33 to $27 by B of A Securities, maintaining an Underperform rating.
A reduction in price target by a major analyst firm, especially with an Underperform rating, typically signals a bearish outlook on the stock, suggesting a potential decrease in its short-term price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100