Redwire shares are trading lower after B. Riley Securities downgraded the stock from Buy to Neutral, despite raising its price target from $8 to $9.50.
Portfolio Pulse from Benzinga Newsdesk
Redwire's stock is experiencing a decline following a downgrade by B. Riley Securities from Buy to Neutral, even though the price target was increased from $8 to $9.50.
October 29, 2024 | 10:49 am
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Redwire's stock is trading lower after B. Riley Securities downgraded it from Buy to Neutral, despite raising the price target from $8 to $9.50.
The downgrade from Buy to Neutral by B. Riley Securities is likely causing investor concern, leading to a short-term decline in Redwire's stock price. The increase in price target to $9.50 may not be enough to offset the negative sentiment from the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100