Raymond James Downgrades Alta Equipment Group to Market Perform, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Bryan Fast has downgraded Alta Equipment Group (NYSE: ALTG) from Outperform to Market Perform and lowered the price target from $14 to $10.
August 09, 2024 | 5:39 pm
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NEGATIVE IMPACT
Raymond James has downgraded Alta Equipment Group from Outperform to Market Perform and reduced the price target from $14 to $10.
The downgrade from Outperform to Market Perform and the significant reduction in the price target from $14 to $10 by a reputable analyst at Raymond James is likely to negatively impact investor sentiment and the stock price of Alta Equipment Group in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100