Jefferies Downgrades Inotiv to Hold, Lowers Price Target to $3.75
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Windley downgraded Inotiv (NASDAQ:NOTV) from Buy to Hold and significantly reduced the price target from $11.5 to $3.75.

May 14, 2024 | 12:17 pm
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Jefferies' downgrade of Inotiv to Hold and the reduction of its price target from $11.5 to $3.75 could negatively impact investor sentiment and the stock's short-term price.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. A downgrade from Buy to Hold suggests a less optimistic outlook on the stock's performance, potentially leading to a decrease in investor confidence and a drop in stock price. The substantial reduction in the price target further emphasizes a negative adjustment in the stock's valuation expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100