Deutsche Bank Downgrades Coupang to Hold, Announces $20 Price Target
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Peter Milliken has downgraded Coupang (NYSE:CPNG) from Buy to Hold and set a price target of $20.

August 09, 2023 | 12:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Coupang's stock rating has been downgraded from Buy to Hold by Deutsche Bank, with a new price target of $20.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for Coupang's stock. This could potentially lead to a decrease in demand for the stock, thereby putting downward pressure on its price. The new price target of $20 also suggests that Deutsche Bank believes the stock is currently overvalued, which could further contribute to a potential decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100