ZoomInfo Technologies shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $30 to $28.
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo Technologies' shares are trading lower following a downgrade by RBC Capital from Outperform to Sector Perform. RBC Capital also reduced its price target for the stock from $30 to $28.
July 24, 2023 | 12:26 pm
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ZoomInfo Technologies' stock was downgraded by RBC Capital, which also lowered its price target. This has led to a decrease in the stock's trading price.
The downgrade by RBC Capital from Outperform to Sector Perform indicates a less optimistic outlook for the company. Additionally, the reduction in price target from $30 to $28 suggests that the stock may not perform as well as previously expected. These factors are likely to negatively impact the stock's price in the short term.
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IMPORTANCE 80
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