B. Riley Securities Downgrades NewtekOne to Neutral, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded NewtekOne (NASDAQ:NEWT) from Buy to Neutral and reduced the price target from $16 to $13.
September 04, 2024 | 1:25 pm
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B. Riley Securities has downgraded NewtekOne from Buy to Neutral and reduced the price target from $16 to $13, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by B. Riley Securities suggests a less favorable view on NewtekOne's stock performance. The reduction in the price target from $16 to $13 indicates a potential decrease in expected future value, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100