Maximus shares are trading lower after Raymond James downgraded the stock from Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Maximus (MMS) shares have declined following a downgrade by Raymond James from Outperform to Market Perform, indicating a shift in the investment firm's outlook on the stock.
January 03, 2024 | 5:44 pm
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Maximus shares have dropped after Raymond James downgraded the stock, suggesting a more cautious view on the company's near-term prospects.
Analyst ratings can have a significant impact on stock prices in the short term. The downgrade from 'Outperform' to 'Market Perform' by Raymond James likely indicates a change in the firm's expectations of Maximus's performance, which could lead to reduced investor confidence and a decrease in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100