Goldman Sachs Downgrades Zevia to Neutral, Lowers Price Target to $3
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Bonnie Herzog has downgraded Zevia (NYSE:ZVIA) from Buy to Neutral and lowered the price target from $5 to $3.
July 25, 2023 | 8:40 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Zevia's stock rating has been downgraded from Buy to Neutral by Goldman Sachs, with a lowered price target from $5 to $3.
The downgrade from Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards Zevia. The lowered price target suggests that Goldman Sachs sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100