Dutch Bros shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $41 to $36.
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros shares fell after Piper Sandler downgraded the stock from Overweight to Neutral and reduced its price target from $41 to $36.
August 19, 2024 | 6:36 pm
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NEGATIVE IMPACT
Dutch Bros shares are trading lower following a downgrade by Piper Sandler from Overweight to Neutral, with a reduced price target from $41 to $36.
The downgrade from Overweight to Neutral by Piper Sandler, along with a lowered price target, suggests reduced confidence in Dutch Bros' near-term performance, likely leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100