Macquarie Downgrades Kanzhun to Neutral
Portfolio Pulse from richadhand@benzinga.com
Macquarie analyst Danny Lee has downgraded Kanzhun (NASDAQ:BZ) from Outperform to Neutral.
August 21, 2023 | 1:01 pm
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NEGATIVE IMPACT
Kanzhun's stock rating has been downgraded from Outperform to Neutral by Macquarie analyst Danny Lee.
Analyst ratings often have a direct impact on a company's stock price. A downgrade from Outperform to Neutral suggests that the analyst believes the company's stock will perform in line with the market average, rather than outperforming it. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100