B of A Securities Downgrades JOYY to Neutral, Announces $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lei Zhang downgraded JOYY (NASDAQ:YY) from Buy to Neutral and set a price target of $35.

March 25, 2024 | 11:53 am
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JOYY was downgraded from Buy to Neutral by B of A Securities, with a new price target of $35.
Analyst ratings can significantly influence investor sentiment and stock prices. The downgrade from 'Buy' to 'Neutral' suggests a less optimistic outlook on JOYY's future price performance, potentially leading to a decrease in investor interest and a short-term negative impact on the stock price. The announcement of a $35 price target provides a specific valuation expectation, which can further guide market perception and investment decisions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100