BMO Capital Maintains Market Perform on Chegg, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jeffrey Silber has maintained a Market Perform rating on Chegg (NYSE:CHGG) and lowered the price target from $11 to $10.
February 06, 2024 | 3:34 pm
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BMO Capital has maintained its Market Perform rating on Chegg and reduced the price target from $11 to $10.
The reduction in price target by BMO Capital suggests a bearish outlook on Chegg's short-term price potential, likely due to factors not specified in the article but inferred to be negative. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100