HC Wainwright & Co. Downgrades Terran Orbital to Neutral, Lowers Price Target to $0.25
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has downgraded Terran Orbital (NYSE:LLAP) from Buy to Neutral and significantly lowered its price target from $3 to $0.25.
August 19, 2024 | 4:37 pm
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NEGATIVE IMPACT
HC Wainwright & Co. downgraded Terran Orbital from Buy to Neutral, reducing the price target from $3 to $0.25, indicating a negative outlook.
The downgrade from Buy to Neutral and the drastic reduction in price target from $3 to $0.25 by HC Wainwright & Co. suggests a negative outlook for Terran Orbital. This is likely to lead to a decrease in investor confidence and a potential drop in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100