Wolfe Research Downgrades Ansys to Peer Perform
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Joshua Tilton has downgraded Ansys (NASDAQ:ANSS) from Outperform to Peer Perform, indicating a change in the firm's view of the stock's expected performance relative to its peers.
January 17, 2024 | 11:01 am
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NEGATIVE IMPACT
Ansys 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 research analysts can lead to a negative perception among investors and may result in a decrease in stock price in the short term as market sentiment adjusts to the new rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100