Raymond James Downgrades Waldencast to Market Perform
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Olivia Tong has downgraded Waldencast (NASDAQ:WALD) from Outperform to Market Perform.

July 24, 2023 | 12:02 pm
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Raymond James has downgraded Waldencast from Outperform to Market Perform, which may negatively impact the stock's performance in the short term.
Analyst ratings often influence investor sentiment and can impact a stock's price. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will now perform in line with the average market return, rather than outperforming it. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100