VeriSign shares are trading lower after Baird downgraded the stock from Outperform to Neutral.
Portfolio Pulse from Benzinga Newsdesk
VeriSign's stock has been downgraded from Outperform to Neutral by Baird, leading to a decrease in the company's share price.
July 11, 2023 | 3:02 pm
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NEGATIVE IMPACT
VeriSign's stock was downgraded by Baird from Outperform to Neutral, which has resulted in a decrease in the share price.
Analyst ratings are a significant factor in a stock's performance. Baird's downgrade from Outperform to Neutral indicates a less optimistic outlook for VeriSign, which can negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100