B of A Securities Downgrades CommScope Hldg Co to Underperform, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Tal Liani downgraded CommScope Hldg Co (NASDAQ:COMM) from Neutral to Underperform and reduced the price target from $2.1 to $2.
January 22, 2024 | 12:10 pm
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CommScope Hldg Co was downgraded by B of A Securities from Neutral to Underperform, with a price target decrease from $2.1 to $2.
The downgrade by a major analyst to Underperform suggests a bearish outlook on the stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term. The reduction in the price target further emphasizes the analyst's negative sentiment towards the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100