Compass Point Downgrades Runway Gwth Fin to Neutral, Maintains $12.75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Casey Alexander downgraded Runway Growth Finance (RWAY) from Buy to Neutral while maintaining a $12.75 price target. This adjustment reflects a change in the firm's outlook on RWAY, potentially due to recent performance or market conditions.

May 08, 2024 | 5:33 pm
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NEUTRAL IMPACT
Runway Growth Finance was downgraded by Compass Point from Buy to Neutral, with a maintained price target of $12.75.
The downgrade to Neutral suggests a more cautious stance on RWAY by Compass Point, likely due to factors that could limit upside potential or increase risk. However, maintaining the price target indicates the analyst sees the company's value as stable in the near term. This could lead to a neutral short-term impact on the stock as investors reassess their positions based on this new rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100