Evercore ISI Group Downgrades Endeavor Gr Hldgs to In-Line, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Vijay Jayant downgraded Endeavor Gr Hldgs (NYSE:EDR) from Outperform to In-Line and reduced the price target from $28 to $27.5, indicating a more cautious outlook on the company's stock.
April 03, 2024 | 5:37 pm
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Endeavor Gr Hldgs was downgraded by Evercore ISI Group from Outperform to In-Line, with a price target reduction from $28 to $27.5.
The downgrade from Outperform to In-Line by a reputable analyst firm like Evercore ISI Group suggests a less optimistic view on Endeavor Gr Hldgs' stock performance in the short term. The slight reduction in the price target further indicates a cautious outlook on the company's valuation, which could lead to a negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100