EF Hutton Downgrades Entravision Comms to Hold, Announces $1.75 Price Target
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Edward Reilly downgraded Entravision Comms (EVC) from Buy to Hold and set a price target of $1.75.
March 06, 2024 | 6:12 pm
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Entravision Comms was downgraded by EF Hutton from Buy to Hold with a price target of $1.75.
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. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
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