Oppenheimer Initiates Coverage On Cadence Design Sys with Underperform Rating, Announces Price Target of $225
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer has initiated coverage on Cadence Design Systems with an Underperform rating and set a price target of $225.
September 25, 2024 | 11:35 am
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Oppenheimer has initiated coverage on Cadence Design Systems with an Underperform rating and a price target of $225, suggesting potential downside.
The Underperform rating and a price target of $225 from Oppenheimer suggest that the stock may face downward pressure. This is significant as it indicates a bearish outlook from a reputable analyst, which could influence investor sentiment and lead to a short-term decline in the stock price.
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