RBC Capital Downgrades Clarivate to Sector Perform, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Ashish Sabadra has downgraded Clarivate (NYSE:CLVT) from Outperform to Sector Perform and lowered the price target from $9 to $8.
August 25, 2023 | 10:00 am
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Clarivate has been downgraded by RBC Capital from Outperform to Sector Perform, with a reduced price target of $8.
The downgrade from Outperform to Sector Perform by RBC Capital, along with a reduced price target, indicates a less optimistic outlook for Clarivate. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100