Why CommScope Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
CommScope Holding Company, Inc. (NASDAQ:COMM) shares fell by approximately 7% after B of A Securities analyst Tal Liani downgraded the stock from Neutral to Underperform and lowered the price target from $2.1 to $2. The article also lists other stocks that moved in Monday's mid-day session, including gainers such as Sagimet Biosciences Inc. (NASDAQ:SGMT) and losers like Virios Therapeutics, Inc. (NASDAQ:VIRI).
January 22, 2024 | 6:08 pm
News sentiment analysis
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NEGATIVE IMPACT
CommScope shares dropped after an analyst downgrade and a lower price target, indicating bearish sentiment.
The downgrade by a B of A Securities analyst from Neutral to Underperform, coupled with a reduced price target, is a strong negative signal to the market, likely leading to a bearish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100