JMP Securities Downgrades PropertyGuru Group to Market Perform
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has downgraded PropertyGuru Group (NYSE:PGRU) from Market Outperform to Market Perform, as per analyst Nicholas Jones.
August 20, 2024 | 9:50 am
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JMP Securities has downgraded PropertyGuru Group from Market Outperform to Market Perform, indicating a less optimistic outlook on the stock's performance.
The downgrade from Market Outperform to Market Perform by JMP Securities suggests a reduced expectation for PropertyGuru's stock performance. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new rating.
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