RBC Capital Downgrades IBEX to Sector Perform, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
RBC Capital's analyst Daniel Ford has downgraded IBEX (NASDAQ:IBEX) from Outperform to Sector Perform and lowered the price target from $27 to $18.
September 14, 2023 | 9:56 am
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IBEX has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from $27 to $18.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for IBEX. The lowered price target from $27 to $18 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100