Baird Downgrades 2U to Neutral, Lowers Price Target to $4
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Jeffrey Meuler has downgraded 2U (NASDAQ:TWOU) from Outperform to Neutral and lowered the price target from $12 to $4.
August 09, 2023 | 9:18 am
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NEGATIVE IMPACT
2U's rating has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $12 to $4.
The downgrade from Outperform to Neutral by Baird, along with a significant reduction in the price target, indicates a less optimistic outlook for 2U. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100