Scotiabank Downgrades Telecom Argentina to Sector Underperform, Announces $5.7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andres Coello downgraded Telecom Argentina (NYSE:TEO) from Sector Perform to Sector Underperform and set a price target of $5.7.
November 24, 2023 | 10:21 am
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Scotiabank downgraded Telecom Argentina to Sector Underperform and set a price target of $5.7.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target may also set investor expectations for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100