Exane BNP Paribas Downgrades Shopify to Underperform
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst Stefan Slowinski has downgraded Shopify (NYSE:SHOP) from Neutral to Underperform.
May 24, 2023 | 12:20 pm
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NEGATIVE IMPACT
Shopify (NYSE:SHOP) has been downgraded from Neutral to Underperform by Exane BNP Paribas analyst Stefan Slowinski.
The downgrade from Neutral to Underperform by Exane BNP Paribas analyst Stefan Slowinski indicates a negative outlook for Shopify's stock in the short term. This could lead to a decrease in the stock price as investors may react to the analyst's opinion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100