Jefferies Downgrades Certara to Hold, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst David Windley has downgraded Certara (NASDAQ:CERT) from Buy to Hold and lowered the price target from $24.5 to $17.

August 22, 2023 | 9:18 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Certara's rating has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $17.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100