Barclays Downgrades Gen Digital to Equal-Weight, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia downgraded Gen Digital (NASDAQ:GEN) from Overweight to Equal-Weight and reduced the price target from $28 to $25, indicating a more cautious outlook on the stock.
April 11, 2024 | 12:57 pm
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Gen Digital was downgraded by Barclays from Overweight to Equal-Weight with a price target reduction from $28 to $25.
The downgrade by a major analyst like Barclays, accompanied by a reduction in price target, typically signals a bearish outlook on the stock. This could lead to short-term negative sentiment among investors, potentially impacting the stock's price negatively.
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