B of A Securities Downgrades Concentrix to Neutral, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ruplu Bhattacharya has downgraded Concentrix (NASDAQ:CNXC) from Buy to Neutral and lowered the price target from $165 to $95.
June 29, 2023 | 4:58 pm
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NEGATIVE IMPACT
Concentrix has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $95.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Concentrix. The lowered price target from $165 to $95 also suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100