Chardan Capital Downgrades Synlogic to Neutral
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital analyst Keay Nakae downgraded Synlogic (NASDAQ:SYBX) from Buy to Neutral, indicating a change in the firm's outlook on the company.
February 09, 2024 | 12:51 pm
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Synlogic was downgraded from Buy to Neutral by Chardan Capital analyst Keay Nakae, potentially impacting investor sentiment.
Analyst ratings can significantly influence investor sentiment and stock prices. A downgrade from 'Buy' to 'Neutral' suggests a less optimistic outlook on the stock's performance, which could lead to a decrease in investor interest and potentially lower the stock price in the short term.
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