BMO Capital Maintains Market Perform on Chegg, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jeffrey Silber has maintained a 'Market Perform' rating on Chegg (NYSE:CHGG) but lowered the price target from $12 to $10.
October 31, 2023 | 1:33 pm
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Chegg's price target has been lowered from $12 to $10 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a less optimistic outlook for Chegg's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100