B of A Securities Downgrades Cogent Comms Hldgs to Underperform, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Cogent Comms Hldgs from Neutral to Underperform and lowered its price target from $75 to $65.

August 21, 2024 | 10:37 am
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NEGATIVE IMPACT
B of A Securities has downgraded Cogent Comms Hldgs from Neutral to Underperform, reducing the price target from $75 to $65. This suggests a negative outlook on the stock's performance.
The downgrade from Neutral to Underperform by a major analyst like B of A Securities typically indicates a negative sentiment towards the stock, which can lead to a decrease in investor confidence and a potential drop in stock price. The lowered price target from $75 to $65 further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100