Susquehanna Downgrades Evertec to Negative, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst James Friedman has downgraded Evertec (NYSE:EVTC) from Neutral to Negative and reduced the price target from $38 to $28.
September 05, 2024 | 11:19 am
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NEGATIVE IMPACT
Susquehanna has downgraded Evertec from Neutral to Negative, with a significant reduction in the price target from $38 to $28, indicating a bearish outlook.
The downgrade from Neutral to Negative by a reputable analyst and the substantial reduction in the price target suggest a negative outlook for Evertec's stock in the short term. This is likely to lead to a decrease in investor confidence and potential selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100