Jefferies Downgrades PLBY Group to Hold, Lowers Price Target to $0.7
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst James Heaney has downgraded PLBY Group (NASDAQ:PLBY) from Buy to Hold and lowered the price target from $1.5 to $0.7.
August 09, 2024 | 10:51 am
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Jefferies analyst James Heaney downgraded PLBY Group from Buy to Hold and reduced the price target from $1.5 to $0.7.
The downgrade from Buy to Hold and the significant reduction in the price target from $1.5 to $0.7 by Jefferies is likely to negatively impact PLBY Group's stock price in the short term. This indicates a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100