Macquarie Downgrades Unity Software to Neutral, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen has downgraded Unity Software (NYSE:U) from Outperform to Neutral and set a price target of $20.
November 10, 2023 | 12:08 pm
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Unity Software has been downgraded by Macquarie from Outperform to Neutral with a new price target of $20.
The downgrade from Outperform to Neutral by Macquarie indicates a less optimistic outlook for Unity Software. The new price target of $20 may also suggest that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
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