Wolfe Research Downgrades Reliance to Underperform
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research has downgraded Reliance (NYSE:RS) from Peer Perform to Underperform, as per analyst Timna Tanners.
July 26, 2024 | 7:48 pm
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Wolfe Research has downgraded Reliance (NYSE:RS) from Peer Perform to Underperform, which could negatively impact the stock price in the short term.
Analyst downgrades often lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price. The downgrade from Peer Perform to Underperform by Wolfe Research suggests a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100