Scotiabank Downgrades Nuvei to Sector Perform, Announces $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Kevin Krishnaratne downgraded Nuvei (NASDAQ:NVEI) from Sector Outperform to Sector Perform and set a price target of $34.
April 02, 2024 | 7:56 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Scotiabank downgraded Nuvei from Sector Outperform to Sector Perform and set a $34 price target.
The downgrade from 'Sector Outperform' to 'Sector Perform' by a major bank like Scotiabank can lead to a negative perception among investors, potentially causing a short-term decrease in Nuvei's stock price. The announcement of a specific price target provides a benchmark that may influence investor expectations and market sentiment towards the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100