Goldman Sachs Downgrades Perella Weinberg to Sell, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst James Yaro has downgraded Perella Weinberg (NASDAQ:PWP) from Buy to Sell and reduced the price target from $14 to $11.5.
January 09, 2024 | 10:44 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Perella Weinberg's stock rating has been downgraded by Goldman Sachs from Buy to Sell, with a lowered price target from $14 to $11.5.
A downgrade from Buy to Sell by a major analyst like Goldman Sachs typically leads to a negative short-term impact on the stock price as it reflects a bearish outlook. The reduction in the price target further emphasizes the analyst's lowered expectations for the stock's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100