Exscientia shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $11 to $9.
Portfolio Pulse from Benzinga Newsdesk
Exscientia's stock (EXAI) is trading lower following a downgrade by B of A Securities from Buy to Neutral, with a reduced price target from $11 to $9.
January 05, 2024 | 5:00 pm
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NEGATIVE IMPACT
Exscientia's stock price is likely to experience downward pressure in the short term due to the downgrade by B of A Securities and a lower price target.
Analyst downgrades typically lead to a negative perception among investors, which can result in a decrease in stock price. The reduction in price target further suggests a lowered expectation of the company's future performance, which may also contribute to a decline in the stock's value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100