Jefferies Downgrades Evotec to Hold, Lowers Price Target to $3.8
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Benjamin Jackson has downgraded Evotec (NASDAQ:EVO) from Buy to Hold and significantly lowered the price target from $8.7 to $3.8.
October 07, 2024 | 1:14 pm
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Jefferies has downgraded Evotec from Buy to Hold and reduced the price target from $8.7 to $3.8, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target suggest a negative outlook for Evotec's stock in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100