Barclays Maintains Equal-Weight on Unity Software, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mario Lu maintains an Equal-Weight rating on Unity Software (NYSE:U) and lowers the price target from $30 to $28.
February 27, 2024 | 2:43 pm
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Unity Software and lowers the price target from $30 to $28.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Unity Software's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or sector, indicating no significant positive catalysts in the near term to counterbalance the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100