Cantor Fitzgerald Downgrades Avantax to Neutral, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Josh Siegler has downgraded Avantax (NASDAQ:AVTA) from Overweight to Neutral and lowered the price target from $27 to $26.
September 12, 2023 | 8:28 am
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Avantax has been downgraded from Overweight to Neutral by Cantor Fitzgerald, with a lowered price target of $26.
The downgrade from Overweight to Neutral by Cantor Fitzgerald indicates a less optimistic outlook for Avantax. The lowering of the price target from $27 to $26 also suggests that the analyst sees less upside potential in the stock. This could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
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