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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100