Barrington Research Downgrades Perficient to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Barrington Research analyst Vincent Colicchio downgraded Perficient (NASDAQ:PRFT) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock performance.

May 07, 2024 | 2:09 pm
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Perficient was downgraded by Barrington Research from Outperform to Market Perform, reflecting a more cautious view on the stock's future performance.
Analyst downgrades typically lead to a short-term negative sentiment around the stock as it reflects a less optimistic outlook on the company's future performance. However, the impact might be moderate since the downgrade is to Market Perform, not to a sell or underperform rating.
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