Everi Holdings share are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $18 to $13. Also, Truist Securities downgraded the stock from Buy to Hold and lowered its price target from $14 to $13.
Portfolio Pulse from Benzinga Newsdesk
Everi Holdings' shares are trading lower following downgrades by Jefferies and Truist Securities. Jefferies downgraded EVRI from Buy to Hold and reduced its price target from $18 to $13. Similarly, Truist Securities downgraded the stock from Buy to Hold, adjusting its price target from $14 to $13.
March 01, 2024 | 5:24 pm
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NEGATIVE IMPACT
Everi Holdings' stock price is negatively impacted by downgrades from Jefferies and Truist Securities, with both firms lowering their price targets to $13.
The downgrades by two significant financial firms, Jefferies and Truist Securities, directly impact investor sentiment towards Everi Holdings. The reduction in price targets by both firms to $13, from previously higher values, suggests a bearish outlook on the stock's short-term performance. This negative sentiment is likely to lead to a decrease in stock price in the short term as investors adjust their expectations based on these new analyst ratings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100