Spire shares are trading lower after Ladenburg Thalmann downgraded the stock from Neutral to Sell and lowered its price target from $65.5 to $60.5.
Portfolio Pulse from Benzinga Newsdesk
Spire shares declined following a downgrade by Ladenburg Thalmann from Neutral to Sell, with a reduced price target from $65.5 to $60.5.
October 17, 2024 | 7:07 pm
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NEGATIVE IMPACT
Spire's stock was downgraded by Ladenburg Thalmann from Neutral to Sell, and the price target was reduced from $65.5 to $60.5, leading to a decline in share price.
The downgrade from Neutral to Sell by a reputable firm like Ladenburg Thalmann typically signals a negative outlook, prompting investors to sell shares, thus driving the price down. The reduced price target further supports this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100