Hillenbrand shares are trading lower after DA Davidson downgraded the stock from Buy to Neutral and lowered its price target from $54 to $33.
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand shares are trading lower after DA Davidson downgraded the stock from Buy to Neutral and lowered its price target from $54 to $33.
August 12, 2024 | 4:16 pm
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NEGATIVE IMPACT
DA Davidson downgraded Hillenbrand from Buy to Neutral and reduced its price target from $54 to $33, causing the stock to trade lower.
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 investor sentiment and cause a short-term decline in Hillenbrand's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100