Stevanato shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $39 to $29.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has downgraded Stevanato's stock from Buy to Hold and reduced its price target from $39 to $29. This has led to a decrease in the trading price of Stevanato shares.
November 01, 2023 | 5:13 pm
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Stevanato's stock has been downgraded by Jefferies from Buy to Hold, and its price target has been reduced from $39 to $29, leading to a decrease in its share price.
The downgrade of Stevanato's stock by Jefferies from Buy to Hold and the reduction of its price target from $39 to $29 indicates a less optimistic outlook for the company's stock. This news has led to a decrease in the trading price of Stevanato shares, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100