Baird Downgrades Middlesex Water to Neutral, Maintains Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo has downgraded Middlesex Water (NASDAQ:MSEX) from Outperform to Neutral while maintaining the price target at $58.
August 05, 2024 | 9:43 am
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Baird analyst Ben Kallo downgraded Middlesex Water from Outperform to Neutral, maintaining the price target at $58. This downgrade may indicate a less optimistic outlook for the stock in the short term.
The downgrade from Outperform to Neutral suggests that the analyst sees less potential for significant upside in the stock. Maintaining the price target at $58 indicates that the analyst does not expect significant price movement in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100