B of A Securities Downgrades Cencora to Neutral, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Cencora from Buy to Neutral and reduced its price target from $275 to $245.
September 18, 2024 | 10:41 am
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NEGATIVE IMPACT
B of A Securities has downgraded Cencora from Buy to Neutral and reduced its price target from $275 to $245, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically signals a less favorable view on the stock, which can lead to a negative short-term impact on the stock price. The lowered price target from $275 to $245 further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100