Barclays Downgrades Travel+Leisure to Underweight, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Barclays has downgraded Travel+Leisure (NYSE:TNL) from Equal-Weight to Underweight and reduced its price target from $46 to $40.
September 26, 2024 | 1:40 pm
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Barclays has downgraded Travel+Leisure from Equal-Weight to Underweight, reducing the price target from $46 to $40, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by Barclays suggests a negative outlook on Travel+Leisure's stock performance. The reduction in the price target from $46 to $40 further supports this bearish sentiment, likely leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100