Canaccord Genuity Downgrades Hudson Technologies to Hold, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Austin Moeller downgraded Hudson Technologies (HDSN) from Buy to Hold and reduced the price target from $15 to $10.

May 02, 2024 | 11:49 am
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NEGATIVE IMPACT
Hudson Technologies was downgraded by Canaccord Genuity from Buy to Hold with a price target reduction from $15 to $10.
The downgrade from Buy to Hold suggests a neutral to negative outlook on the stock by the analyst, indicating a belief that the stock may not have significant upside potential in the near term. The reduction in the price target from $15 to $10 further emphasizes a lowered expectation for the stock's performance. This could lead to a negative short-term impact on the stock's price as investors adjust their expectations based on the analyst's revised outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100