B of A Securities Downgrades Evotec to Neutral, Announces $13 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Derik De Bruin downgraded Evotec (NASDAQ:EVO) from Buy to Neutral and set a $13 price target.

June 16, 2023 | 11:17 am
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NEGATIVE IMPACT
Evotec downgraded to Neutral from Buy by B of A Securities, with a $13 price target.
The downgrade from Buy to Neutral by B of A Securities analyst Derik De Bruin indicates a less optimistic outlook for Evotec's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100