Wolfe Research Downgrades PJT Partners to Underperform, Announces $89 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Steven Chubak has downgraded PJT Partners (NYSE:PJT) from Peer Perform to Underperform and set a price target of $89. This reflects a negative outlook on the company's stock performance.
January 03, 2024 | 11:55 am
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NEGATIVE IMPACT
PJT Partners was downgraded by Wolfe Research from Peer Perform to Underperform with a price target of $89, indicating a bearish perspective on the stock.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less favorable outlook for the company's future performance. The setting of a price target can also influence investor expectations and stock valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100