Wolfe Research Downgrades Axonics to Peer Perform
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Mike Polark has downgraded Axonics (NASDAQ:AXNX) from Outperform to Peer Perform, indicating a change in the firm's view of the company's stock performance relative to its peers.
January 09, 2024 | 12:23 pm
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Axonics has been downgraded by Wolfe Research from Outperform to Peer Perform, which may influence investors' perception and could potentially impact the stock's performance in the market.
Downgrades by analysts can lead to a negative perception among investors and may result in a decrease in stock price in the short term. The downgrade from Outperform to Peer Perform suggests that Wolfe Research no longer sees Axonics outperforming its peers, which could lead to reduced investor confidence and selling pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100