Reynolds Consumer Products Inc. (REYN) saw its stock price plummet by 5.02% during intraday trading on Thursday, reflecting significant negative sentiment among investors.
The sharp decline appears to be driven by recent analyst actions, particularly RBC Capital Markets cutting its price target on the stock from $28 to $25 while maintaining a Sector Perform rating. Additionally, UBS adjusted its price target to $26 from $25 and maintained a Neutral rating on the consumer products company.
These analyst assessments, which generally maintain neutral to cautious outlooks while reducing valuation expectations, contributed to the selling pressure on REYN shares during the trading session.
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