Why Albany International Corp. (NYSE:AIN) Stock fell -8.65% in Last Six Months?

BofA Securities lowered the price target for the Albany International Corp. (NYSE:AIN) stock from ‘a Buy’ to ‘a Neutral’. The rating was released on February 22, 2023, according to finviz. We previously noted in another research note published on January 07, 2023 by Truist that upgraded the stock from a Hold to a Buy with a price target of $100 for AIN stock. The research report from BofA Securities has upgraded the stock from Neutral to Buy, with a price target set at $105. In their research brief published March 08, 2021, BofA Securities analysts downgraded the Albany International Corp.

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Peggy Goldman