Farfetch shares are trading lower after Societe Generale downgraded the stock from Buy to Sell and announced a $1.5 price target.
Portfolio Pulse from Benzinga Newsdesk
Farfetch's stock has been downgraded from Buy to Sell by Societe Generale, with a new price target of $1.5. This has led to a decrease in Farfetch's share price.
October 25, 2023 | 6:08 pm
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Farfetch's stock was downgraded by Societe Generale, leading to a decrease in its share price.
The downgrade from Buy to Sell by Societe Generale is a negative signal to investors, which can lead to selling pressure and a decrease in the stock price. The new price target of $1.5 is also significantly lower, indicating a bearish outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100