Keybanc Downgrades Universal Stainless to Sector Weight, Maintains Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Philip Gibbs has downgraded Universal Stainless (NASDAQ:USAP) from Overweight to Sector Weight, while maintaining the price target at $46.
October 18, 2024 | 11:46 am
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Keybanc has downgraded Universal Stainless from Overweight to Sector Weight, indicating a neutral stance on the stock. The price target remains at $46.
The downgrade from Overweight to Sector Weight suggests a less bullish outlook from Keybanc, which could lead to a short-term negative impact on USAP's stock price. However, the maintained price target of $46 indicates that the analyst still sees value at this level.
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