Jones Trading Downgrades Gritstone Bio to Hold
Portfolio Pulse from Benzinga Newsdesk
Jones Trading analyst Catherine Novack has downgraded Gritstone Bio (NASDAQ:GRTS) from a Buy to a Hold rating.
October 02, 2024 | 1:04 pm
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NEGATIVE IMPACT
Jones Trading has downgraded Gritstone Bio from Buy to Hold, indicating a change in analyst sentiment which may affect investor perception and stock performance.
The downgrade from Buy to Hold by a reputable analyst can lead to a negative short-term impact on Gritstone Bio's stock price as it reflects a less optimistic view on the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100