Deutsche Bank Downgrades Veradigm to Hold, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst George Hill downgraded Veradigm (OTC:MDRX) from Buy to Hold and reduced the price target from $15 to $10.

March 19, 2024 | 10:00 am
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Veradigm was downgraded by Deutsche Bank from Buy to Hold, with a price target reduction from $15 to $10.
The downgrade from Buy to Hold suggests a less optimistic outlook on Veradigm's stock by Deutsche Bank, potentially due to underlying business or market concerns. The significant reduction in the price target further indicates a downward revision of the company's future financial performance expectations. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analyst rating.
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IMPORTANCE 90
RELEVANCE 100