Loop Capital Downgrades ContextLogic to Sell, Announces $7 Price Target
Portfolio Pulse from richadhand@benzinga.com
Loop Capital analyst Laura Champine has downgraded ContextLogic (NASDAQ:WISH) from Hold to Sell and set a price target of $7.
June 29, 2023 | 10:41 am
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NEGATIVE IMPACT
ContextLogic has been downgraded from Hold to Sell by Loop Capital, with a new price target of $7.
The downgrade from Hold to Sell by Loop Capital indicates a negative outlook for ContextLogic. The new price target of $7 also suggests a potential decrease in the stock's value. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100