Jefferies Downgrades MYT Netherlands Parent to Hold, Lowers Price Target to $4
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Flavio Cereda downgrades MYT Netherlands Parent (NYSE:MYTE) from Buy to Hold and lowers the price target from $19 to $4.
June 14, 2023 | 10:39 am
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Jefferies downgrades MYT Netherlands Parent (MYTE) to Hold and lowers the price target from $19 to $4.
The downgrade from Buy to Hold and the significant reduction in the price target by Jefferies analyst Flavio Cereda indicate a less optimistic outlook for MYT Netherlands Parent. 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.
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IMPORTANCE 80
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