B of A Securities Downgrades Privia Health Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B of A Securities downgraded Privia Health Gr (NASDAQ:PRVA) from its previous rating to Neutral, adjusting the price target from $27.00 to $21.00. Currently, PRVA shares are trading down 3.18% at $19.78, with a potential increase to $21.00 representing a 6.17% rise from the current price. Privia Health Group Inc is a national physician-enablement company focused on optimizing physician practices and improving patient experiences through technology-driven solutions.
February 22, 2024 | 5:00 pm
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B of A Securities downgraded Privia Health Gr to Neutral and reduced the price target from $27.00 to $21.00. Shares are currently down 3.18% at $19.78.
The downgrade by B of A Securities reflects a less optimistic outlook on PRVA, likely due to internal assessments or market conditions. The reduction in the price target and the current trading price suggest a cautious short-term perspective on the stock's performance. Given the direct impact of analyst ratings on investor sentiment, especially from a reputable firm, this downgrade could lead to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100