Seaport Global Downgrades Constellation Energy to Neutral
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Angie Storozynski has downgraded Constellation Energy (NASDAQ:CEG) from Buy to Neutral, indicating a change in the firm's outlook on the company's stock.
November 29, 2023 | 11:43 am
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Constellation Energy was downgraded by Seaport Global from Buy to Neutral, which may lead to a negative perception among investors and could impact the stock's performance in the short term.
Downgrades by analysts can often lead to a decrease in investor confidence and a potential drop in stock price as the market adjusts to the new rating. Since the downgrade is from Buy to Neutral, it suggests a less optimistic view on the stock's future performance, which could result in a short-term negative impact on the stock price.
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