Oppenheimer Maintains Outperform on Clarivate, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Owen Lau has maintained an 'Outperform' rating on Clarivate (NYSE:CLVT), but lowered the price target from $12 to $11.
August 04, 2023 | 3:18 pm
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Oppenheimer has maintained an 'Outperform' rating on Clarivate but lowered the price target from $12 to $11.
The news is directly about Clarivate and is likely to influence investor sentiment. The 'Outperform' rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100