Jefferies Downgrades Navitas Semiconductor to Hold, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis downgraded Navitas Semiconductor (NVTS) from Buy to Hold and reduced the price target from $10 to $4.
May 13, 2024 | 1:16 pm
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Navitas Semiconductor was downgraded by Jefferies from Buy to Hold, with a significant reduction in price target from $10 to $4.
The downgrade by a prominent analyst and a substantial cut in the price target are likely to negatively impact investor sentiment and NVTS's stock price in the short term. Such analyst actions often lead to immediate market reactions as they may reflect concerns about the company's future performance or market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100