Gates Industrial shares are trading lower after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $17 to $16.
Portfolio Pulse from Benzinga Newsdesk
Gates Industrial shares are trading lower after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $17 to $16.
June 04, 2024 | 5:17 pm
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Gates Industrial shares are trading lower after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $17 to $16.
The downgrade in the price target from $17 to $16 by Barclays, along with the maintained Equal-Weight rating, has led to a negative sentiment among investors, causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100