Tremor International shares are trading lower after RBC Capital and JMP Securities lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Shares of Tremor International are trading lower following the decision by RBC Capital and JMP Securities to lower their respective price targets on the stock.
August 18, 2023 | 2:23 pm
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NEGATIVE IMPACT
Tremor International's stock price is expected to be negatively impacted in the short term due to lowered price targets by RBC Capital and JMP Securities.
Analyst ratings and price targets can significantly influence a stock's price. In this case, the decision by RBC Capital and JMP Securities to lower their price targets on Tremor International's stock is likely to create a negative sentiment among investors, potentially leading to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100