Scotiabank Downgrades Millicom Intl Cellular to Sector Perform, Maintains Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andres Coello has downgraded Millicom Intl Cellular (NASDAQ:TIGO) from Sector Outperform to Sector Perform, while maintaining the price target at $30.
August 07, 2024 | 6:28 pm
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Scotiabank has downgraded Millicom Intl Cellular from Sector Outperform to Sector Perform, while keeping the price target at $30.
The downgrade from Sector Outperform to Sector Perform suggests a less optimistic outlook on the stock's performance, which could lead to a short-term negative impact on the stock price. However, the maintained price target of $30 indicates that the analyst does not foresee significant downside risk.
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