Tradeweb Market shares are trading lower after Piper Sandler maintained a Neutral rating on the stock and lowered its price target from $82 to $70.
Portfolio Pulse from Benzinga Newsdesk
Tradeweb Market shares are trading lower after Piper Sandler maintained a Neutral rating on the stock and lowered its price target from $82 to $70.
July 05, 2023 | 5:20 pm
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Piper Sandler has maintained a Neutral rating on Tradeweb Market but lowered its price target from $82 to $70, causing the shares to trade lower.
The lowering of the price target by Piper Sandler indicates a less optimistic outlook for the company, which has led to a decrease in the stock price. The Neutral rating suggests that the stock is expected to perform in line with the market, but the lowered price target could discourage investors, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100