Benchmark Maintains Buy Rating for Stagwell: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has maintained its Buy rating for Stagwell (NASDAQ:STGW) but lowered its price target from $9.00 to $8.00. Stagwell's shares are currently trading down 4.15% at $4.62 per share. A move to $8.00 would represent a 73.16% increase from the current share price.
October 26, 2023 | 5:00 pm
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Benchmark has maintained its Buy rating for Stagwell but lowered its price target. This could potentially lead to increased volatility in the short term.
The news of Benchmark maintaining its Buy rating for Stagwell but lowering its price target could lead to increased volatility in the short term as investors react to the new price target. However, the Buy rating suggests that Benchmark still sees potential in the stock, which could balance out any negative impact from the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100