Jefferies Downgrades InterDigital to Hold, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis downgraded InterDigital (NASDAQ:IDCC) from Buy to Hold and reduced the price target from $106 to $100.
May 13, 2024 | 1:12 pm
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InterDigital was downgraded by Jefferies from Buy to Hold, with a price target reduction from $106 to $100.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they reflect a less optimistic view on the company's future performance. The reduction in price target further emphasizes the analyst's lowered expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100