DA Davidson Downgrades Barnes Gr to Neutral, Lowers Price Target to $47.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Barnes Group (NYSE:B) from Buy to Neutral and lowered its price target from $52 to $47.5.

October 07, 2024 | 12:55 pm
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NEGATIVE IMPACT
DA Davidson analyst Matt Summerville downgraded Barnes Group from Buy to Neutral, reducing the price target from $52 to $47.5. This suggests a less optimistic outlook on the stock's performance.
The downgrade from Buy to Neutral by DA Davidson indicates a shift in sentiment, suggesting that the stock may not perform as well as previously expected. The lowered price target further supports this less optimistic view, likely leading to a short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100