BMO Capital Downgrades Smartsheet to Market Perform, Lowers Price Target to $56.5
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has downgraded Smartsheet from Outperform to Market Perform and reduced its price target from $59 to $56.5.
September 25, 2024 | 3:13 pm
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NEGATIVE IMPACT
BMO Capital has downgraded Smartsheet from Outperform to Market Perform, reducing the price target from $59 to $56.5. This suggests a less optimistic outlook on the stock's performance.
The downgrade from Outperform to Market Perform indicates a less favorable view of Smartsheet's future performance. The lowered price target suggests expectations of limited upside, which could lead to short-term selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100