UBS Downgrades Revvity to Neutral, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Dan Leonard downgraded Revvity (NYSE:RVTY) from Buy to Neutral but increased the price target from $105 to $125.
January 16, 2024 | 4:35 pm
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NEUTRAL IMPACT
Revvity was downgraded by UBS from Buy to Neutral, although the price target was raised from $105 to $125.
The downgrade to Neutral suggests that UBS sees limited upside potential or increased risk in Revvity's stock, which could lead to a short-term negative impact on the stock price. However, the increase in the price target to $125 indicates a positive view on the company's value, which could counterbalance the negative sentiment from the downgrade. The mixed signals may result in a neutral short-term impact as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100