Stocks

Radiant Logistics Receives Investment Rating Adjustment by Analysts

Published March 7, 2024

Investment analysts at StockNews.com have revised their rating for Radiant Logistics (RLGT), a third-party logistics and multi-modal transportation services company, adjusting their previous 'buy' recommendation to a 'hold' status in a recent report published on Monday. This adjustment reflects a change in the outlook for RLGT, although the specifics leading to the downgrade have not been publicly detailed by StockNews.com. Investment ratings play a crucial role in influencing investor perception and can impact a company's stock performance in the market.

Separate Downgrade by TheStreet

In a related development, financial news and services website TheStreet also revised its rating of Radiant Logistics, downgrading the company from a 'b-' to a 'c' status. Unlike StockNews.com, TheStreet provides ratings that combine proprietary stock, bond, and fund ratings to help individual and institutional investors alike in making informed investment decisions. The lowered rating by TheStreet suggests a more cautious viewpoint on RLGT's financial standing or future performance prospects.

About Ameriprise Financial, Inc.

In the broader context of financial investment services, Ameriprise Financial, Inc. (AMP) is a notable player within the industry. As a diversified financial services firm and bank holding company, AMP offers a vast array of products and services, including wealth management, asset management, insurance, and estate planning. With its incorporation in Delaware and headquarters in Minneapolis, Minnesota, AMP serves a broad client base aiming to manage and grow their financial assets.

RadiantLogistics, Downgrade, Analysis