Compass Point Downgrades Pennant Park Investment to Sell, Announces $6.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Casey Alexander has downgraded Pennant Park Investment (NYSE:PNNT) from Neutral to Sell and set a price target of $6.5.
July 15, 2024 | 12:00 pm
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Compass Point analyst Casey Alexander downgraded Pennant Park Investment (NYSE:PNNT) from Neutral to Sell and set a price target of $6.5.
The downgrade from Neutral to Sell and the announcement of a $6.5 price target by Compass Point is likely to negatively impact the stock price of Pennant Park Investment in the short term. Downgrades typically signal a lack of confidence in the stock's performance, leading to potential sell-offs by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100