New Street Research Downgrades Millicom Intl Cellular to Neutral, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
New Street Research has downgraded Millicom Intl Cellular (NASDAQ:TIGO) from Buy to Neutral and lowered the price target from $19 to $18.
July 28, 2023 | 11:42 am
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Millicom Intl Cellular has been downgraded from Buy to Neutral by New Street Research, with a lowered price target of $18.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a decrease in the stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
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