Credit Suisse Downgrades CommScope Hldg Co to Neutral, Lowers Price Target to $5.1
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Shannon Cross has downgraded CommScope Hldg Co (NASDAQ:COMM) from Outperform to Neutral and lowered the price target from $11 to $5.1.
July 24, 2023 | 10:40 am
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CommScope Hldg Co has been downgraded from Outperform to Neutral by Credit Suisse, with a lowered price target from $11 to $5.1.
The downgrade from Outperform to Neutral by Credit Suisse indicates a less optimistic outlook for CommScope Hldg Co. The significant reduction in price target from $11 to $5.1 suggests that the analyst sees less upside potential in the stock, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100