Scotiabank Downgrades Perficient to Sector Perform, Lowers Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
Scotiabank analyst Divya Goyal has downgraded Perficient (NASDAQ:PRFT) from Sector Outperform to Sector Perform and lowered the price target from $80 to $70.
July 31, 2023 | 1:28 pm
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NEGATIVE IMPACT
Perficient has been downgraded by Scotiabank from Sector Outperform to Sector Perform, with a reduced price target of $70.
The downgrade from Scotiabank could potentially lead to a decrease in investor confidence in Perficient, which may result in a short-term drop in the stock price. The lowered price target also indicates a less optimistic outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100