Cazoo Group shares are trading lower after Goldman Sachs maintained a Neutral rating on the stock and lowered its price target from $3.2 to $2.74.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has maintained a Neutral rating on Cazoo Group's stock and lowered its price target from $3.2 to $2.74. This has led to a decrease in the trading price of Cazoo Group shares.
August 04, 2023 | 12:01 pm
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NEGATIVE IMPACT
Goldman Sachs has lowered its price target for Cazoo Group from $3.2 to $2.74, while maintaining a Neutral rating. This has resulted in a decrease in the share price.
The lowering of the price target by a major financial institution like Goldman Sachs can lead to a decrease in investor confidence, which can result in a drop in the share price. The Neutral rating indicates that Goldman Sachs does not see significant growth potential in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100