Deutsche Bank Downgrades CommScope Hldg Co to Hold, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Matthew Niknam has downgraded CommScope Hldg Co (NASDAQ:COMM) from Buy to Hold and lowered the price target from $8 to $6.
July 18, 2023 | 9:21 am
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CommScope Hldg Co has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target from $8 to $6.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for the company's stock. The lowering of the price target from $8 to $6 suggests that the bank expects the stock's price to decrease in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100