Jefferies Downgrades NeoGames to Hold, Announces $29.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Cassandra Lee has downgraded NeoGames (NASDAQ:NGMS) from Buy to Hold and set a price target of $29.5.
August 14, 2023 | 1:32 pm
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NEGATIVE IMPACT
NeoGames has been downgraded from Buy to Hold by Jefferies with a price target of $29.5.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for NeoGames. This could potentially lead to a decrease in the stock's price in the short term. The price target of $29.5 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100