Goldman Sachs Downgrades United Microelectronics to Neutral, Announces $8.9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruce Lu has downgraded United Microelectronics (UMC) from Buy to Neutral and set a price target of $8.9.
January 16, 2024 | 7:41 pm
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NEGATIVE IMPACT
Goldman Sachs downgraded United Microelectronics to Neutral and set a price target of $8.9.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target may also influence market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100