William Blair Downgrades Rover Group to Market Perform
Portfolio Pulse from Benzinga Newsdesk
William Blair analyst Ralph Schackart has downgraded Rover Group (NASDAQ:ROVR) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.

November 29, 2023 | 3:55 pm
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Rover Group was downgraded by William Blair from Outperform to Market Perform, which may suggest a more cautious view on the company's future stock performance.
Downgrades by analysts can lead to a negative perception among investors and potentially result in a decrease in stock price in the short term. The downgrade from Outperform to Market Perform suggests that William Blair no longer sees the stock outperforming the market or its peers.
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