B. Riley Securities Downgrades A-Mark Precious Metals to Neutral, Maintains Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded A-Mark Precious Metals (NASDAQ:AMRK) from Buy to Neutral, while maintaining the price target at $33.
May 15, 2024 | 9:37 am
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NEGATIVE IMPACT
B. Riley Securities has downgraded A-Mark Precious Metals from Buy to Neutral, while maintaining the price target at $33. This downgrade may lead to a short-term negative sentiment among investors.
The downgrade from Buy to Neutral by a reputable analyst can lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price. However, the maintained price target of $33 suggests that the analyst still sees value in the stock at its current level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100