B. Riley Securities Downgrades Redwire to Neutral, Raises Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Redwire (NYSE:RDW) from Buy to Neutral, while raising the price target from $8 to $9.5.
October 29, 2024 | 9:13 am
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NEUTRAL IMPACT
B. Riley Securities downgraded Redwire from Buy to Neutral, but increased the price target to $9.5, indicating mixed signals for investors.
The downgrade from Buy to Neutral suggests a less optimistic outlook on Redwire's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $9.5 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100