DA Davidson Downgrades Procore Technologies to Neutral, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Procore Technologies (NYSE:PCOR) from Buy to Neutral and lowered the price target from $90 to $60.
August 02, 2024 | 10:34 am
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DA Davidson has downgraded Procore Technologies from Buy to Neutral and reduced the price target from $90 to $60, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Neutral and the significant reduction in the price target from $90 to $60 by DA Davidson suggests a less favorable view on Procore Technologies' future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
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