Piper Sandler Downgrades Dutch Bros to Neutral, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Dutch Bros (NYSE:BROS) from Overweight to Neutral and reduced the price target from $41 to $36.
August 19, 2024 | 4:15 pm
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Piper Sandler downgraded Dutch Bros from Overweight to Neutral and reduced the price target from $41 to $36, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral suggests a less favorable view of Dutch Bros' stock performance. The lowered price target from $41 to $36 indicates reduced expectations for future stock price appreciation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100