Jefferies Downgrades Endeavor Gr Hldgs to Hold, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Randal Konik downgraded Endeavor Gr Hldgs (NYSE:EDR) from Buy to Hold and reduced the price target from $29 to $27.5, indicating a more cautious outlook on the company's stock.

April 04, 2024 | 11:09 am
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Jefferies downgraded Endeavor Gr Hldgs from Buy to Hold and lowered the price target from $29 to $27.5.
The downgrade from Buy to Hold by a prominent analyst like Randal Konik at Jefferies suggests a less optimistic view on Endeavor Gr Hldgs' future stock performance. The reduction in the price target further indicates concerns about the company's valuation or growth prospects. Such analyst actions often lead to short-term negative sentiment among investors, potentially causing a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100