Reliance shares are trading lower after BMO Capital cut its price target on the stock from $340 to $330.
Portfolio Pulse from Benzinga Newsdesk
Reliance shares are trading lower following a price target cut by BMO Capital from $340 to $330.
October 25, 2024 | 7:58 pm
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BMO Capital has reduced its price target for Reliance from $340 to $330, leading to a decline in the stock's trading price.
The reduction in price target by BMO Capital is a negative signal for investors, suggesting a less optimistic outlook for Reliance. This has led to a decrease in the stock's trading price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100