Wedbush Downgrades Century Communities to Neutral, Announces $81 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has downgraded Century Communities (NYSE:CCS) from Outperform to Neutral and set a price target of $81.
December 18, 2023 | 12:59 pm
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Wedbush analyst Jay McCanless downgraded Century Communities from Outperform to Neutral, potentially impacting investor sentiment and the stock's short-term performance.
Downgrades by analysts can lead to a negative perception among investors, potentially causing short-term stock price stagnation or decline. However, the establishment of a price target above the current trading price might offset some negative sentiment.
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