DA Davidson Downgrades Hillenbrand to Neutral, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Hillenbrand (NYSE:HI) from Buy to Neutral and lowered the price target from $54 to $33.
August 12, 2024 | 12:05 pm
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DA Davidson downgraded Hillenbrand from Buy to Neutral and reduced the price target from $54 to $33.
The downgrade from Buy to Neutral and the significant reduction in the price target from $54 to $33 by DA Davidson is likely to negatively impact Hillenbrand's stock price in the short term. This indicates a less optimistic outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100