Oppenheimer Downgrades Saratoga Investment to Perform, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Mitchel Penn downgrades Saratoga Investment (SAR) from Outperform to Perform and lowers the price target from $24 to $23.

May 08, 2024 | 9:44 am
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Saratoga Investment was downgraded by Oppenheimer from Outperform to Perform, with a price target reduction from $24 to $23.
The downgrade by a prominent analyst like Mitchel Penn from Oppenheimer can lead to a negative perception among investors, potentially causing a short-term decline in SAR's stock price. The reduction in the price target further emphasizes a less optimistic outlook on the company's valuation, which could influence investor sentiment and stock performance negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100