Barclays Maintains Underweight on BJ's Restaurants, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Underweight rating on BJ's Restaurants (NASDAQ:BJRI) and lowers the price target from $36 to $35.
July 26, 2024 | 11:27 am
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Barclays analyst Jeffrey Bernstein has maintained an Underweight rating on BJ's Restaurants and lowered the price target from $36 to $35.
The maintenance of an Underweight rating and the reduction in the price target from $36 to $35 by Barclays suggests a bearish outlook on BJ's Restaurants. This is likely to negatively impact the stock price in the short term as investors may perceive the lowered price target as a sign of potential underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100