Evertec shares are trading lower after Susquehanna downgraded the stock from Neutral to Negative and lowered its price target from $38 to $28.
Portfolio Pulse from Benzinga Newsdesk
Evertec's stock is trading lower following a downgrade by Susquehanna from Neutral to Negative, with a reduced price target from $38 to $28.
September 05, 2024 | 3:16 pm
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NEGATIVE IMPACT
Evertec's stock is experiencing a decline due to Susquehanna's downgrade from Neutral to Negative, along with a price target reduction from $38 to $28.
The downgrade by Susquehanna is a significant negative signal for investors, likely causing a decrease in investor confidence and leading to a short-term decline in Evertec's stock price. The reduced price target further emphasizes the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100