Daiwa Capital Downgrades UP Fintech Holding to Hold, Lowers Price Target to $2.45
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital analyst Ling Tan downgraded UP Fintech Holding (NASDAQ:TIGR) from Buy to Hold and lowered the price target from $6 to $2.45.
May 19, 2023 | 5:15 pm
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NEGATIVE IMPACT
UP Fintech Holding (TIGR) downgraded from Buy to Hold by Daiwa Capital, with a reduced price target of $2.45.
The downgrade from Buy to Hold and the lowered price target by Daiwa Capital analyst Ling Tan indicate a less optimistic outlook for UP Fintech Holding (TIGR). This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100