ACCO Brands Plunges 4.85% on Fourth Day of Decline

ACCO Brands(ACCO) shares plummeted 4.85% today, marking the fourth consecutive day of decline, with a total drop of 17.52% over the past four days. The stock price hit its lowest level since March 2020, experiencing an intraday decline of 5.12%.

Barrington Research recently adjusted its price target for ACCO Brands, lowering it from $7.50 to $7.00 while maintaining an "outperform" rating. This revision reflects the firm's updated outlook on the company's performance and potential for growth. The downgrade in price target could be attributed to various factors, including market conditions, company-specific developments, or changes in analyst expectations. Investors and market participants are closely monitoring these developments as they assess the future trajectory of ACCO Brands' stock.