Canaccord Genuity Downgrades Surf Air Mobility to Hold, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has downgraded Surf Air Mobility (NYSE:SRFM) from Buy to Hold and lowered its price target from $2.5 to $1.
May 15, 2024 | 1:26 pm
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Canaccord Genuity has downgraded Surf Air Mobility from Buy to Hold and reduced the price target from $2.5 to $1, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the significant reduction in the price target from $2.5 to $1 by Canaccord Genuity suggests a less favorable view of Surf Air Mobility's future performance. This is likely to negatively impact the stock price in the short term.
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