Jefferies Downgrades Stevanato Gr to Hold, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Windley has downgraded Stevanato Gr (NYSE:STVN) from Buy to Hold and lowered the price target from $39 to $29.
November 01, 2023 | 12:29 pm
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NEGATIVE IMPACT
Stevanato Gr's rating has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $29.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Stevanato Gr. The lowered price target from $39 to $29 also suggests that the analyst sees less upside potential in the stock. This could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100