Redburn Atlantic Downgrades E2open Parent Holdings to Neutral, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Alex Haissl has downgraded E2open Parent Holdings (NYSE:ETWO) from Buy to Neutral and lowered the price target from $8.5 to $4.
October 12, 2023 | 9:36 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
E2open Parent Holdings has been downgraded from Buy to Neutral by Redburn Atlantic, with a lowered price target from $8.5 to $4.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock. The significant reduction in the price target from $8.5 to $4 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100