Benchmark Downgrades iQIYI to Hold
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang has downgraded iQIYI (NASDAQ:IQ) from a Buy to a Hold rating.
August 23, 2024 | 12:12 pm
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NEGATIVE IMPACT
Benchmark analyst Fawne Jiang has downgraded iQIYI from a Buy to a Hold rating, indicating a less optimistic outlook on the stock's short-term performance.
The downgrade from Buy to Hold by a reputable analyst suggests a reduced expectation for iQIYI's stock performance, likely leading to a negative short-term impact on the stock price as investors may adjust their positions based on this new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100