Jefferies Downgrades Chindata Group Holdings to Hold, Lowers Price Target to $8.6
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Edison Lee has downgraded Chindata Group Holdings (NASDAQ:CD) from Buy to Hold and lowered the price target from $10.73 to $8.6.
August 14, 2023 | 8:53 am
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Chindata Group Holdings has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $8.6.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for the company. The lowered price target from $10.73 to $8.6 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
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IMPORTANCE 80
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