Raymond James Downgrades Mercer Intl to Market Perform
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Daryl Swetlishoff has downgraded Mercer Intl (NASDAQ:MERC) from Outperform to Market Perform.
August 04, 2023 | 3:11 pm
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NEGATIVE IMPACT
Mercer Intl's rating has been downgraded by Raymond James from Outperform to Market Perform.
Analyst ratings often influence the stock price. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will not outperform the market anymore, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100