B of A Securities Maintains Neutral on Fox Factory Hldg, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Fox Factory Holding (NASDAQ:FOXF) but has lowered its price target from $53 to $43.
September 12, 2024 | 5:50 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Fox Factory Holding but has lowered its price target from $53 to $43, indicating a less optimistic outlook.
The lowering of the price target by B of A Securities suggests a less optimistic view on Fox Factory Holding'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 is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100