Concentra Group Holdings shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and cut its price target from $30.5 to $24.
Portfolio Pulse from Benzinga Newsdesk
Concentra Group Holdings shares fell after B of A Securities downgraded the stock from Buy to Neutral and reduced its price target from $30.5 to $24.
October 07, 2024 | 6:45 pm
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NEGATIVE IMPACT
Concentra Group Holdings experienced a share price decline following a downgrade by B of A Securities from Buy to Neutral, with a price target reduction from $30.5 to $24.
The downgrade from Buy to Neutral by a major financial institution like B of A Securities typically signals a lack of confidence in the stock's short-term performance, leading to a negative impact on the stock price. The reduction in the price target further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100