Macquarie Downgrades Century Casinos to Neutral, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Chad Beynon has downgraded Century Casinos (NASDAQ:CNTY) from Outperform to Neutral and reduced the price target from $8 to $5.
January 17, 2024 | 8:17 pm
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Century Casinos was downgraded by Macquarie from Outperform to Neutral, with a price target cut from $8 to $5.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lower expected valuation for the company, which can also negatively impact investor sentiment and the stock's performance.
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