B of A Securities Downgrades MDU Resources Gr to Neutral, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded MDU Resources Group from Buy to Neutral, while slightly raising the price target from $30 to $31.
October 21, 2024 | 11:53 am
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NEUTRAL IMPACT
B of A Securities downgraded MDU Resources Group from Buy to Neutral, indicating a less optimistic outlook. However, the price target was raised slightly to $31, suggesting some positive expectations.
The downgrade from Buy to Neutral suggests a less favorable view on MDU's stock, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $31 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100