Premier Solutions shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $7 to $4.25.
Portfolio Pulse from Benzinga Newsdesk
Premier Solutions' shares are trading lower following a downgrade by UBS from Buy to Neutral. UBS also lowered its price target for the stock from $7 to $4.25.
October 11, 2023 | 4:54 pm
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Premier Solutions' stock was downgraded by UBS from Buy to Neutral, and its price target was reduced from $7 to $4.25, leading to a decrease in its share price.
The downgrade by UBS, a major financial institution, from Buy to Neutral indicates a less optimistic outlook for Premier Solutions. The lowering of the price target from $7 to $4.25 further suggests that UBS believes the stock is overvalued at its current price, which can lead to selling pressure and a decrease in the stock's price.
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