Century Casinos shares are trading lower after JMP Securities downgraded the stock from Market Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Century Casinos' stock (CNTY) is trading lower following a downgrade by JMP Securities from Market Outperform to Market Perform.
January 18, 2024 | 5:20 pm
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Century Casinos' shares are expected to face short-term negative pressure due to the downgrade from JMP Securities.
Analyst ratings often influence stock prices, especially when a stock is downgraded from a higher performance expectation to a neutral stance. This downgrade suggests that JMP Securities no longer sees the stock outperforming the market, which could lead to a decrease in investor confidence and a potential sell-off in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100