SoFi shares are trading lower as the stock pulls back after gaining on Monday. Keefe, Bruyette & Woods downgraded the stock to Underperform.
Portfolio Pulse from Benzinga Newsdesk
SoFi shares are trading lower following a downgrade to 'Underperform' by Keefe, Bruyette & Woods. This comes after the stock had gained on Monday.
August 04, 2023 | 9:11 am
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NEGATIVE IMPACT
SoFi's stock is trading lower after being downgraded to 'Underperform' by Keefe, Bruyette & Woods.
Analyst ratings often have a significant impact on a company's stock price. In this case, the downgrade by Keefe, Bruyette & Woods has led to a decrease in SoFi's stock price. This is likely to continue in the short term as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100