Barrington Research Maintains Outperform on ModivCare, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Barrington Research has maintained an 'Outperform' rating on ModivCare (NASDAQ:MODV) but has lowered the price target from $35 to $19, indicating a more cautious outlook.
September 17, 2024 | 2:28 pm
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Barrington Research has maintained an 'Outperform' rating on ModivCare but has lowered the price target from $35 to $19, suggesting a more cautious outlook on the stock.
The maintenance of an 'Outperform' rating suggests continued confidence in ModivCare's performance, but the significant reduction in the price target from $35 to $19 indicates concerns about future growth or market conditions, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100