Piper Sandler Downgrades Cambridge to Neutral, Maintains Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Fitzgibbon has downgraded Cambridge (NASDAQ:CATC) from Overweight to Neutral, while maintaining the price target at $65.
July 18, 2023 | 4:54 pm
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NEGATIVE IMPACT
Cambridge's stock has been downgraded from Overweight to Neutral by Piper Sandler, with the price target remaining at $65.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic outlook for Cambridge's stock. This could potentially lead to a decrease in the stock's price in the short term. However, the maintained price target of $65 suggests that the analyst still sees some value in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100