Barclays Downgrades Procore Technologies to Equal-Weight, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia has downgraded Procore Technologies (NYSE:PCOR) from Overweight to Equal-Weight and lowered the price target from $78 to $54.
August 02, 2024 | 11:12 am
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Barclays analyst Saket Kalia downgraded Procore Technologies from Overweight to Equal-Weight and reduced the price target from $78 to $54.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $78 to $54 by Barclays is likely to negatively impact Procore Technologies' stock price in the short term. Such downgrades often lead to a decrease in investor confidence and selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100