Bernstein Downgrades Surf Air Mobility to Market Perform, Lowers Price Target to $0.4
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst David Vernon has downgraded Surf Air Mobility (NYSE:SRFM) from Outperform to Market Perform and significantly lowered the price target from $3.62 to $0.4.
May 28, 2024 | 11:53 am
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Bernstein analyst David Vernon downgraded Surf Air Mobility from Outperform to Market Perform and reduced the price target from $3.62 to $0.4.
The downgrade from Outperform to Market Perform and the significant reduction in the price target from $3.62 to $0.4 by a reputable analyst is likely to negatively impact investor sentiment and the stock price of Surf Air Mobility in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100