TD Cowen Downgrades MediaAlpha to Hold, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Kligerman has downgraded MediaAlpha (NYSE:MAX) from Buy to Hold and lowered the price target from $19 to $13.

June 26, 2024 | 11:27 am
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TD Cowen analyst Andrew Kligerman downgraded MediaAlpha from Buy to Hold and reduced the price target from $19 to $13, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the significant reduction in the price target from $19 to $13 by a reputable analyst suggests a less favorable short-term outlook for MediaAlpha. This is likely to negatively impact investor sentiment and the stock price in the short term.
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