HSBC Downgrades Millicom Intl Cellular to Hold, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Madhvendra Singh has downgraded Millicom Intl Cellular (NASDAQ:TIGO) from Buy to Hold and lowered the price target from $20 to $17.
October 20, 2023 | 9:23 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
HSBC has downgraded Millicom Intl Cellular (TIGO) from Buy to Hold and lowered the price target from $20 to $17.
The downgrade from Buy to Hold by HSBC indicates a less optimistic outlook for the company. The lowering of the price target from $20 to $17 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100