TD Cowen Downgrades Brilliant Earth Group to Market Perform, Lowers Price Target to $3.4
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen has downgraded Brilliant Earth Group (BRLT) from Outperform to Market Perform and reduced the price target from $3.5 to $3.4.
January 24, 2024 | 11:43 am
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Brilliant Earth Group was downgraded by TD Cowen from Outperform to Market Perform, with a slight decrease in the price target from $3.5 to $3.4.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target, although minimal, further supports the expectation of a downward price movement.
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