Credit Suisse Downgrades Vtex to Neutral, Lowers Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Daniel Federle downgraded Vtex (NYSE:VTEX) from Outperform to Neutral and lowered the price target from $6.5 to $5.
June 12, 2023 | 11:27 am
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NEGATIVE IMPACT
Vtex (NYSE:VTEX) has been downgraded from Outperform to Neutral by Credit Suisse, with a reduced price target of $5.
The downgrade from Outperform to Neutral by Credit Suisse and the reduction in price target from $6.5 to $5 indicate a less optimistic outlook for Vtex's stock performance in the short term. This could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100