Jefferies Downgrades Fortrea Holdings to Hold, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Windley has downgraded Fortrea Holdings (NASDAQ:FTRE) from Buy to Hold and reduced the price target from $25 to $21.
September 25, 2024 | 1:04 pm
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Jefferies has downgraded Fortrea Holdings from Buy to Hold, with a reduced price target of $21, indicating a less optimistic outlook.
The downgrade from Buy to Hold by Jefferies suggests a less favorable view on Fortrea Holdings' future performance. The reduction in price target from $25 to $21 indicates a potential decrease in expected value, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100