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Caesarstone downgraded to Speculative Buy at Benchmark after Q4 report

As previously reported, Benchmark downgraded Caesarstone (CSTE) to Speculative Buy from Buy with an unchanged price target of $5 after the company reported weaker than anticipated Q4 results. Given that persistent macro headwinds continue to suppress demand, combined with an increasingly uncertain legal overhang surrounding silicosis in several countries, the firm is moving to a Speculative Buy rating, the analyst explains.

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