TD Cowen Downgrades Evelo Biosciences to Market Perform
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joseph Thome has downgraded Evelo Biosciences (NASDAQ:EVLO) from Outperform to Market Perform.
October 18, 2023 | 8:45 am
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Evelo Biosciences has been downgraded by TD Cowen 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 investor interest and a potential drop in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100