Canaccord Genuity Downgrades Definitive Healthcare to Hold, Announces $10 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hayes downgraded Definitive Healthcare (NASDAQ:DH) from Buy to Hold and set a price target of $10. The downgrade reflects a more cautious stance on the company's stock.
January 05, 2024 | 11:11 am
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Definitive Healthcare was downgraded by Canaccord Genuity from Buy to Hold with a price target of $10, indicating a neutral outlook on the stock.
The downgrade from Buy to Hold suggests that Canaccord Genuity no longer sees the same upside potential in Definitive Healthcare's stock as before. The announcement of a price target provides a specific value that the analyst believes the stock will reach, which in this case does not suggest a significant change from current levels. This could lead to a neutral short-term impact on the stock price as investors digest the news and adjust their expectations.
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IMPORTANCE 85
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