Wells Fargo Downgrades Clarivate to Underweight, Announces $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Seth Weber downgraded Clarivate (NYSE:CLVT) from Equal-Weight to Underweight and set a price target of $8.
December 15, 2023 | 12:35 pm
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Wells Fargo analyst Seth Weber downgraded Clarivate to Underweight from Equal-Weight and set a price target of $8.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target of $8 suggests a bearish outlook on the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100