RBC Capital Downgrades Nevro to Sector Perform, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shagun Singh has downgraded Nevro Corp (NYSE:NVRO) from Outperform to Sector Perform and reduced the price target from $23 to $20.

January 12, 2024 | 11:13 am
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Nevro Corp's stock rating was downgraded by RBC Capital from Outperform to Sector Perform, with a price target decrease from $23 to $20.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. The reduction in the price target further suggests a lower expected valuation for Nevro, which may influence investors to adjust their positions accordingly.
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