U.S. railroad companies could be just days away from a major strike that could cost the U.S. economy more than $2 billion per day. Strike or no strike, one analyst said Wednesday that railroad stocks have limited upside from current levels in a challenging environment.
Telsey Advisory Group analyst Joseph Feldman downgraded Vintage Wine Estates Inc (NASDAQ: VWE) rating to Market Perform from Outperform and lowered the price target to $6 from $12.
Upgrades
For Iris Energy Ltd (NASDAQ:IREN), Compass Point upgraded the previous rating of Neutral to Buy. The current stock performance of Iris Energy shows a 52-week-high of $17.97 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $4.26.