Raymond James Downgrades CareDx to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Cooper downgrades CareDx (NASDAQ:CDNA) from Outperform to Market Perform.

May 13, 2024 | 8:29 pm
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NEUTRAL IMPACT
CareDx was downgraded by Raymond James from Outperform to Market Perform, indicating a neutral outlook on the stock by the analyst.
Analyst downgrades typically lead to a short-term negative reaction in the stock price. However, since the downgrade is to Market Perform, it suggests a neutral stance rather than a negative outlook, which might limit the downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100