Wedbush Downgrades National CineMedia to Neutral, Lowers Price Target to $0.37
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Michael Pachter has downgraded National CineMedia (NASDAQ:NCMI) from Outperform to Neutral and lowered the price target from $0.5 to $0.37.
August 04, 2023 | 12:54 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
National CineMedia has been downgraded from Outperform to Neutral by Wedbush, with a lowered price target of $0.37.
The downgrade from Outperform to Neutral by Wedbush indicates a less optimistic outlook for National CineMedia. The lowered price target from $0.5 to $0.37 also suggests that the analyst believes the stock may underperform in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100