Noble Capital Markets Downgrades Bassett Furniture Indus to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Noble Capital Markets analyst Joe Gomes has downgraded Bassett Furniture Indus (NASDAQ:BSET) from Outperform to Market Perform.

September 07, 2023 | 12:42 pm
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Bassett Furniture Indus has been downgraded from Outperform to Market Perform by Noble Capital Markets.
Analyst ratings often have a direct impact on stock prices. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will now perform in line with the market, rather than outperforming it. This could lead to a decrease in investor confidence and potentially a drop in the stock price.
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