Northland Capital Markets Downgrades Piper Sandler to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Mike Grondahl has downgraded Piper Sandler (NYSE:PIPR) from Outperform to Market Perform.
December 19, 2023 | 2:46 pm
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NEGATIVE IMPACT
Piper Sandler has been downgraded by Northland Capital Markets from Outperform to Market Perform, potentially impacting investor sentiment.
Analyst downgrades typically lead to a negative short term reaction in the stock price as they suggest a less favorable outlook for the company. The downgrade from Outperform to Market Perform indicates a neutral view on the stock, which may lead to reduced investor enthusiasm and a possible decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100