Leonardo shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Leonardo shares declined following a downgrade by B of A Securities from Buy to Neutral.
September 24, 2024 | 5:07 pm
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NEGATIVE IMPACT
Leonardo's shares are trading lower due to a downgrade by B of A Securities from Buy to Neutral, which may impact DRS, a US-listed company associated with Leonardo.
Leonardo's downgrade by a major financial institution can negatively affect investor sentiment towards DRS, as it is associated with Leonardo. This could lead to a short-term decline in DRS's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50