Deutsche Bank Downgrades Verisk Analytics to Hold, Raises Price Target to $253
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Faiza Alwy has downgraded Verisk Analytics (NASDAQ:VRSK) from Buy to Hold while slightly increasing the price target from $252 to $253.
December 08, 2023 | 10:05 am
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Verisk Analytics was downgraded by Deutsche Bank from Buy to Hold, although the price target was raised from $252 to $253.
The downgrade to Hold suggests that Deutsche Bank sees limited upside potential or increased risk in Verisk Analytics' stock, which could lead to a neutral or slightly negative investor sentiment in the short term. However, the increase in the price target, albeit minimal, indicates a slight positive adjustment in valuation, which could counterbalance the downgrade's impact. The mixed signals may result in a neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100