Millicom shares are trading lower after HSBC downgraded the stock from Buy to Hold.
Portfolio Pulse from Benzinga Newsdesk
HSBC has downgraded Millicom's stock from Buy to Hold, leading to a decrease in the company's share price.
October 23, 2023 | 2:56 pm
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NEGATIVE IMPACT
HSBC's downgrade of Millicom's stock from Buy to Hold has resulted in a decrease in the company's share price.
HSBC's downgrade of Millicom's stock from Buy to Hold is a direct factor affecting the company's stock price. This downgrade indicates a less optimistic outlook for the company's stock, which can lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100