Janney Montgomery Scott Downgrades CVB Financial to Neutral
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott analyst Timothy Coffey has downgraded CVB Financial (NASDAQ:CVBF) from Buy to Neutral.
May 22, 2024 | 3:04 pm
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NEGATIVE IMPACT
Janney Montgomery Scott has downgraded CVB Financial from Buy to Neutral, which may lead to a short-term negative impact on the stock price as investors react to the downgrade.
Analyst downgrades often lead to a negative reaction in the stock market as they signal reduced confidence in the company's near-term performance. Investors may sell off shares, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100