Piedmont Lithium shares are trading lower after TD Cowen downgraded the stock from Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Piedmont Lithium's stock (PLL) trades lower following a downgrade from TD Cowen from Outperform to Market Perform.
January 29, 2024 | 2:44 pm
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Piedmont Lithium's stock price is likely to experience downward pressure in the short term due to the downgrade by TD Cowen.
Analyst ratings often influence investor sentiment and can lead to immediate stock price movements. The downgrade from Outperform to Market Perform suggests a neutral outlook on the stock, which may lead to reduced investor enthusiasm and selling pressure in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100