MediaAlpha shares are trading lower after TD Cowen downgraded the stock from Buy to Hold and lowered its price target from $19 to $13.
Portfolio Pulse from Benzinga Newsdesk
MediaAlpha shares are trading lower after TD Cowen downgraded the stock from Buy to Hold and lowered its price target from $19 to $13.
June 26, 2024 | 1:34 pm
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NEGATIVE IMPACT
TD Cowen downgraded MediaAlpha from Buy to Hold and reduced its price target from $19 to $13, causing the stock to trade lower.
The downgrade from TD Cowen, a reputable financial institution, and the significant reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in MediaAlpha's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100