Fortrea Holdings shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $25 to $21.
Portfolio Pulse from Benzinga Newsdesk
Fortrea Holdings shares declined following a downgrade by Jefferies from Buy to Hold, with a reduced price target from $25 to $21.
September 25, 2024 | 5:30 pm
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Fortrea Holdings experienced a share price decline after Jefferies downgraded its rating from Buy to Hold and reduced the price target from $25 to $21.
The downgrade by Jefferies, a reputable financial services company, directly impacts investor sentiment and likely contributes to the decline in Fortrea Holdings' share price. The reduced price target signals a less optimistic outlook, influencing short-term trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100