Barclays Downgrades Bright Health Gr to Underweight, Raises Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Steve Valiquette downgraded Bright Health Gr (NYSE:BHG) from Overweight to Underweight and raised the price target from $4 to $8.
June 15, 2023 | 9:59 am
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Barclays downgraded Bright Health Gr (BHG) to Underweight and raised the price target from $4 to $8.
The downgrade from Overweight to Underweight by Barclays indicates a negative outlook for Bright Health Gr's stock. However, the raised price target from $4 to $8 suggests that the analyst sees some potential upside. The downgrade is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100