HSBC Downgrades Millicom Intl Cellular to Hold
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Phani Kanumuri has downgraded Millicom Intl Cellular (NASDAQ:TIGO) from Buy to Hold.
July 02, 2024 | 2:15 pm
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HSBC analyst Phani Kanumuri has downgraded Millicom Intl Cellular (NASDAQ:TIGO) from Buy to Hold, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Hold by a reputable analyst like Phani Kanumuri at HSBC suggests a less favorable view on Millicom Intl Cellular's short-term performance. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100