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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100