CS Disco shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $8 to $5.
Portfolio Pulse from Benzinga Newsdesk
CS Disco shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $8 to $5.
July 02, 2024 | 12:31 pm
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NEGATIVE IMPACT
JP Morgan downgraded CS Disco from Neutral to Underweight and reduced its price target from $8 to $5, causing the stock to trade lower.
The downgrade from a major financial institution like JP Morgan, along with a significant reduction in the price target, is likely to negatively impact investor sentiment and lead to a short-term decline in CS Disco's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100