Medpace shares are trading lower after Jefferies downgraded the stock from Buy to Hold and cut its price target from $415 to $345.
Portfolio Pulse from Benzinga Newsdesk
Medpace shares declined following a downgrade by Jefferies from Buy to Hold, with a reduced price target from $415 to $345.
September 25, 2024 | 2:18 pm
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Medpace shares are trading lower after Jefferies downgraded the stock from Buy to Hold and reduced its price target from $415 to $345.
The downgrade from Jefferies, a reputable financial services company, from Buy to Hold indicates a less optimistic outlook on Medpace's future performance. The reduction in the price target from $415 to $345 suggests a significant decrease in expected valuation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100