Rosenblatt Maintains Buy on Stagwell, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Barton Crockett has maintained a 'Buy' rating on Stagwell (NASDAQ:STGW), but lowered the price target from $12 to $9.
August 09, 2023 | 11:36 am
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NEUTRAL IMPACT
Stagwell's price target has been lowered from $12 to $9 by Rosenblatt, although the 'Buy' rating is maintained.
The news directly pertains to Stagwell as Rosenblatt has lowered its price target for the company. However, the 'Buy' rating is maintained, indicating that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100