Evercore ISI Group Downgrades Fortrea Holdings to In-Line, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded Fortrea Holdings (NASDAQ:FTRE) from Outperform to In-Line and lowered the price target from $31 to $27.
August 08, 2024 | 10:40 am
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Evercore ISI Group has downgraded Fortrea Holdings from Outperform to In-Line and reduced the price target from $31 to $27.
The downgrade from Outperform to In-Line and the reduction in the price target from $31 to $27 by Evercore ISI Group is likely to negatively impact the stock price of Fortrea Holdings in the short term. Such downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100