HC Wainwright & Co. Downgrades HIVE Digital Technologies to Neutral, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mike Colonnese downgraded HIVE Digital Technologies (NASDAQ:HIVE) from Buy to Neutral and reduced the price target from $7 to $3.5.
November 20, 2023 | 12:11 pm
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HIVE Digital Technologies was downgraded from Buy to Neutral by HC Wainwright & Co., and the price target was lowered from $7 to $3.5.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The substantial reduction in the price target further suggests a bearish outlook on the company's valuation.
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