William Blair Downgrades Avantax to Market Perform
Portfolio Pulse from Benzinga Newsdesk
William Blair analyst Jeff Schmitt has downgraded Avantax (NASDAQ:AVTA) from Outperform to Market Perform.
September 11, 2023 | 3:43 pm
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NEGATIVE IMPACT
Avantax has been downgraded from Outperform to Market Perform by William Blair analyst Jeff Schmitt.
The downgrade from Outperform to Market Perform by a well-known analyst could potentially lead to a decrease in the stock price of Avantax in the short term. Investors often follow analyst recommendations and this downgrade could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100