SES AI Corporation shares are trading lower after Wolfe Research downgraded the stock from Peer Perform to Underperform and announced a $4 price target.
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research downgraded SES AI Corporation's stock from Peer Perform to Underperform and set a $4 price target, causing the shares to trade lower.
June 08, 2023 | 7:52 pm
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SES AI Corporation's stock was downgraded by Wolfe Research to Underperform with a $4 price target, leading to lower trading.
Wolfe Research's downgrade of SES AI Corporation's stock to Underperform and the announcement of a $4 price target are negative signals for the company. This is likely to cause a short-term decrease in the stock price as investors react to the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100