B of A Securities Downgrades US Physical Therapy to Neutral, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded US Physical Therapy (NYSE:USPH) from Buy to Neutral and reduced the price target from $114 to $90.
October 07, 2024 | 11:35 am
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NEGATIVE IMPACT
B of A Securities downgraded US Physical Therapy from Buy to Neutral and lowered the price target from $114 to $90, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically signals a less favorable view on the stock, which can lead to a negative short-term impact on the stock price. The significant reduction in the price target from $114 to $90 further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100