UBS Downgrades Kanzhun to Neutral, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Wei Xiong has downgraded Kanzhun (NASDAQ:BZ) from Buy to Neutral and lowered the price target from $23.5 to $17.
September 01, 2023 | 8:32 am
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UBS has downgraded Kanzhun and lowered its price target, which could negatively impact the stock's price in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Buy to Neutral and the lowering of the price target by UBS may lead to a decrease in investor confidence in Kanzhun, potentially leading to a short-term drop in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100