B of A Securities Downgrades Grupo Televisa to Neutral, Announces $3.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Rodrigo Villanueva downgraded Grupo Televisa (NYSE:TV) from Buy to Neutral and set a price target of $3.5. This adjustment reflects a change in the firm's outlook on the stock.
April 15, 2024 | 5:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Grupo Televisa was downgraded by B of A Securities from Buy to Neutral with a new price target of $3.5.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook on the stock's future performance. The new price target of $3.5 also provides a specific expectation for the stock's value, which could influence investor sentiment and stock price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100