Compass Point Downgrades Pennant Park Investment to Neutral, Announces $6.75 Price Target
Portfolio Pulse from richadhand@benzinga.com
Compass Point analyst Casey Alexander has downgraded Pennant Park Investment (NYSE:PNNT) from Buy to Neutral and set a price target of $6.75.
August 15, 2023 | 8:32 am
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Pennant Park Investment has been downgraded from Buy to Neutral by Compass Point, with a new price target of $6.75.
The downgrade from Buy to Neutral by Compass Point indicates a less optimistic outlook for Pennant Park Investment. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $6.75 also suggests a limited upside potential from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100