Baird Maintains Neutral on Concrete Pumping Holdings, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Andrew Wittmann has maintained a Neutral rating on Concrete Pumping Holdings (NASDAQ:BBCP) while lowering the price target from $7.5 to $6.5.
September 05, 2024 | 11:32 am
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Baird analyst Andrew Wittmann has maintained a Neutral rating on Concrete Pumping Holdings (NASDAQ:BBCP) and lowered the price target from $7.5 to $6.5, indicating a less optimistic outlook.
The lowering of the price target from $7.5 to $6.5 by Baird suggests a less optimistic view on BBCP's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
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