Raymond James Downgrades Integral Ad Science to Outperform, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Marok downgraded Integral Ad Science (IAS) from Strong Buy to Outperform and reduced the price target from $20 to $16.
February 28, 2024 | 11:54 am
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NEGATIVE IMPACT
Integral Ad Science downgraded from Strong Buy to Outperform by Raymond James, with a price target cut from $20 to $16.
The downgrade from a Strong Buy to Outperform suggests a less optimistic outlook on IAS's future performance by Raymond James. Additionally, the reduction in the price target from $20 to $16 indicates a lowered expectation of the stock's value, which could negatively impact investor sentiment and the stock's short-term price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100