Resideo Technologies ( (REZI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Resideo Technologies’ stock took a hit after JPMorgan downgraded the company from Overweight to Neutral. The downgrade was driven by concerns over tariff exposure and macroeconomic factors impacting the residential housing market. With half of Resideo’s products made in Mexico and additional exposure in China, the company is vulnerable to tariff uncertainties. Moreover, the optimistic 2025 outlook does not consider potential tariff impacts. Consequently, JPMorgan slashed the price target from $31 to $16, reflecting these risks.
More about Resideo Technologies
YTD Price Performance: -31.21%
Average Trading Volume: 1,129,845
Technical Sentiment Signal: Buy
Current Market Cap: $2.32B
For further insights into REZI stock on TipRanks’ Stock Analysis page.
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