JP Morgan Downgrades Clearwater Analytics Hldg to Neutral, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alexei Gogolev downgraded Clearwater Analytics Hldg (CWAN) from Overweight to Neutral and reduced the price target from $24 to $22.

February 29, 2024 | 10:50 am
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NEGATIVE IMPACT
Clearwater Analytics Hldg was downgraded by JP Morgan from Overweight to Neutral, with a price target reduction from $24 to $22.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan, accompanied by a reduction in the price target, is likely to negatively impact investor sentiment towards CWAN in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100