UBS Maintains Neutral on ContextLogic, Lowers Price Target to $6.5
Portfolio Pulse from jenniferd'souza@benzinga.com
UBS analyst Kunal Madhukar maintains a Neutral rating on ContextLogic (NASDAQ:WISH) and lowers the price target from $7.8 to $6.5.

August 07, 2023 | 1:10 pm
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NEUTRAL IMPACT
UBS analyst has maintained a Neutral rating on ContextLogic and lowered the price target from $7.8 to $6.5.
The news directly pertains to ContextLogic (WISH) as UBS analyst Kunal Madhukar has maintained a Neutral rating on the company and lowered the price target. This could potentially impact investor sentiment and the stock's short-term performance. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 12 months, indicating a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100