Jefferies Downgrades Arteris to Hold, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis downgraded Arteris (NASDAQ:AIP) from Buy to Hold and reduced the price target from $11 to $9.

May 13, 2024 | 1:18 pm
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Arteris was downgraded by Jefferies from Buy to Hold, with a price target reduction from $11 to $9, indicating a bearish outlook on the stock.
The downgrade by a prominent analyst firm like Jefferies, accompanied by a significant reduction in price target, typically signals a bearish outlook on the stock to investors. This could lead to short-term selling pressure as market participants adjust their expectations based on the new analyst rating and price target.
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IMPORTANCE 90
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