William Blair Downgrades ARS Pharmaceuticals to Market Perform
Portfolio Pulse from Benzinga Newsdesk
William Blair analyst Tim Lugo has downgraded ARS Pharmaceuticals (NASDAQ:SPRY) from Outperform to Market Perform.
September 20, 2023 | 10:08 am
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ARS Pharmaceuticals has been downgraded by William Blair from Outperform to Market Perform, which may negatively impact the stock's performance.
Analyst ratings often influence investor sentiment and can impact a stock's price. 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 demand for the stock, potentially causing its price to fall in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100