Guggenheim Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Curry Baker downgraded Endeavor Gr Hldgs (NYSE:EDR) from Buy to Neutral and reduced the price target from $36 to $27.5.
April 03, 2024 | 8:37 am
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NEGATIVE IMPACT
Endeavor Gr Hldgs was downgraded by Guggenheim from Buy to Neutral, with a price target reduction from $36 to $27.5.
The downgrade from Buy to Neutral by a prominent analyst like Curry Baker suggests a less optimistic outlook on Endeavor's future performance. Additionally, the significant reduction in the price target could lead to a negative perception among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100