Barrington Research Downgrades Cumulus Media to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Barrington Research analyst James Goss downgraded Cumulus Media (NASDAQ:CMLS) from Outperform to Market Perform, indicating a change in the firm's outlook on the company.
February 28, 2024 | 7:37 pm
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Cumulus Media was downgraded by Barrington Research from Outperform to Market Perform, reflecting a more cautious view on the company's stock.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less optimistic outlook on the company's future performance. Given the downgrade is from Outperform to Market Perform, it indicates a significant shift in expectation, likely leading to decreased investor confidence.
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