Icahn Enterprises LP (NASDAQ: IEP) stock closed at $17.26 on 11/16/23 after a major decline of -11.8%. The stock has declined -11.0% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
IEP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Icahn Enterprises has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Icahn Enterprises has a slightly negative Appreciation Score of 34 and a poor Power Rating of 15, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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