B of A Securities Downgrades Verisk Analytics to Neutral, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Heather Balsky downgraded Verisk Analytics (NASDAQ:VRSK) from Buy to Neutral and reduced the price target from $270 to $260.
January 08, 2024 | 4:17 pm
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NEGATIVE IMPACT
Verisk Analytics was downgraded by B of A Securities from Buy to Neutral, with a price target decrease from $270 to $260.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a decrease in stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100