UBS Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst John Hodulik downgraded Endeavor Gr Hldgs (NYSE:EDR) from Buy to Neutral and reduced the price target from $31 to $27.5.
April 03, 2024 | 12:14 pm
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UBS analyst John Hodulik downgraded Endeavor Gr Hldgs from Buy to Neutral and lowered the price target from $31 to $27.5.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. The reduction in the price target further emphasizes the analyst's lowered expectations for the stock.
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