From Financial Modeling Prep: 2024-11-20 08:57:00

Stifel analysts downgraded DMC Global (NASDAQ:BOOM) from Buy to Hold, lowering the price target from $16 to $8 due to unclear near-term upside prospects and challenges in the company’s outlook. Concerns include CEO retirement, Board changes, lackluster demand, and potential dilution of shareholder value from Arcadia’s put/call option. Analysts doubt significant gains in the coming quarters.



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