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Perimeter Solutions downgraded to Neutral from Buy at UBS

UBS downgraded Perimeter Solutions to Neutral from Buy with a price target of $4.25, down from $7. The analyst believes the shares are lacking a catalyst. After two weak fire seasons and what appears to be a potentially weaker trend in acres burned, it could take time for confidence in Perimeter’s algorithm to return, the analyst tells investors in a research note.

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