B of A Securities Downgrades Clarivate to Underperform, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Heather Balsky has downgraded Clarivate (NYSE:CLVT) from Neutral to Underperform and lowered the price target from $10 to $6.
August 07, 2023 | 11:04 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Clarivate's rating has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $10 to $6.
The downgrade from B of A Securities is a negative signal for Clarivate. The lowered price target from $10 to $6 indicates that the analyst believes the stock is overvalued at current levels, which could lead to selling pressure and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100