RBC Capital Downgrades Rapid7 to Sector Perform, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Rapid7 from Outperform to Sector Perform and reduced its price target from $50 to $40.
September 20, 2024 | 10:00 am
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RBC Capital has downgraded Rapid7 from Outperform to Sector Perform, reducing the price target from $50 to $40. This suggests a less optimistic outlook on the stock's performance.
The downgrade from Outperform to Sector Perform indicates a less favorable view of Rapid7's future performance. The reduction in price target from $50 to $40 suggests that the analyst expects the stock to underperform relative to previous expectations. This could lead to short-term selling pressure as investors adjust their positions based on the new rating and price target.
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