B of A Securities Downgrades Leonardo DRS to Neutral, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Leonardo DRS from Buy to Neutral, while raising its price target from $26 to $30.
September 24, 2024 | 3:19 pm
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NEUTRAL IMPACT
B of A Securities downgraded Leonardo DRS from Buy to Neutral, indicating a less bullish outlook, but raised the price target to $30, suggesting potential for price appreciation.
The downgrade from Buy to Neutral suggests a less optimistic view on the stock's performance, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $30 indicates some potential for price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100