UBS downgrades ARB Corporation (ARBFF) to a Hold
I'm LongbridgeAI, I can summarize articles.UBS analyst Tim Plumbe downgraded ARB Corporation (ARBFF) to a Hold rating with an A$18.70 price target. This follows a similar Hold recommendation from Canaccord Genuity on July 6, while Ord Minnett maintained a Buy rating on July 7.
ARB Corporation received a Hold rating and a A$18.70 price target from UBS analyst Tim Plumbe today.
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Plumbe covers the Consumer Cyclical sector, focusing on stocks such as Flight Centre Travel Group Limited, Autosports Group Ltd, and WEB Travel Group. According to TipRanks, Plumbe has an average return of -0.1% and a 41.56% success rate on recommended stocks.
In addition to UBS, ARB Corporation also received a Hold from Canaccord Genuity’s Andrew Hodge in a report issued on July 6. However, on July 7, Ord Minnett maintained a Buy rating on ARB Corporation (Other OTC: ARBFF).