Raymond James Downgrades Uniti Group to Outperform, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Frank Louthan downgraded Uniti Group (NASDAQ:UNIT) from Strong Buy to Outperform and reduced the price target from $8 to $6.
May 06, 2024 | 5:25 pm
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NEGATIVE IMPACT
Uniti Group's rating was downgraded by Raymond James from Strong Buy to Outperform, with a price target reduction from $8 to $6.
The downgrade from a Strong Buy to Outperform suggests a less optimistic outlook on Uniti Group's future performance by Raymond James. Additionally, the reduction in the price target from $8 to $6 indicates a lowered expectation of the stock's value, which could lead to a negative short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100