Monness, Crespi, Hardt Downgrades Shoe Carnival to Neutral
Portfolio Pulse from Benzinga Newsdesk
Monness, Crespi, Hardt analyst Jim Chartier downgraded Shoe Carnival (NASDAQ:SCVL) from Buy to Neutral, indicating a shift in the firm's outlook on the company.
March 19, 2024 | 12:40 pm
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Shoe Carnival was downgraded from Buy to Neutral by Monness, Crespi, Hardt analyst Jim Chartier, potentially impacting investor sentiment.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a less optimistic view on the company's future performance. This downgrade may lead investors to reassess their positions in SCVL, potentially causing a decrease in stock price.
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