Gen Digital shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight and lowered its price target from $28 to $25.
Portfolio Pulse from Benzinga Newsdesk
Gen Digital's stock trades lower following a downgrade by Barclays from Overweight to Equal-Weight and a reduction in the price target from $28 to $25.
April 11, 2024 | 2:06 pm
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Barclays downgraded Gen Digital from Overweight to Equal-Weight and lowered its price target from $28 to $25, leading to a decrease in stock price.
The downgrade by a major financial institution like Barclays can significantly impact investor sentiment, leading to a decrease in stock price. The reduction in the price target further affects market perception of the stock's future performance, likely causing short-term price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100