Macquarie Downgrades Unity Software to Underperform, Maintains Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen downgraded Unity Software (NYSE:U) from Neutral to Underperform while maintaining the price target at $20. This suggests a bearish outlook on the company's stock despite the unchanged price target.
February 12, 2024 | 12:50 pm
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NEGATIVE IMPACT
Unity Software downgraded from Neutral to Underperform by Macquarie, with a maintained price target of $20.
The downgrade from Neutral to Underperform by a major analyst like Macquarie indicates a negative outlook on Unity Software's stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term. The maintained price target of $20 suggests that the analyst sees limited upside potential or further downside risks.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100