Raymond James Downgrades QuidelOrtho to Outperform, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Cooper downgraded QuidelOrtho (NASDAQ:QDEL) from Strong Buy to Outperform and reduced the price target from $100 to $76.

February 14, 2024 | 1:30 pm
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QuidelOrtho downgraded from Strong Buy to Outperform by Raymond James, with a price target cut from $100 to $76.
The downgrade from a 'Strong Buy' to 'Outperform' status, along with a significant reduction in the price target, suggests a less optimistic outlook on QuidelOrtho's stock by Raymond James. This could lead to a negative short-term sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100