B of A Securities Downgrades Concentra Group Holdings to Neutral, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Concentra Group Holdings from Buy to Neutral and lowered its price target from $30.5 to $24.
October 07, 2024 | 11:38 am
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B of A Securities has downgraded Concentra Group Holdings from Buy to Neutral, reducing the price target from $30.5 to $24. This suggests a less optimistic outlook on the company's stock performance.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically indicates a less favorable view on the stock's potential performance. The reduction in the price target from $30.5 to $24 further supports this negative outlook, likely leading to a short-term decrease in stock price.
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IMPORTANCE 80
RELEVANCE 100