Cleveland Research Downgrades Snowflake to Neutral
Portfolio Pulse from Benzinga Newsdesk
Cleveland Research has downgraded Snowflake (NYSE:SNOW) from a Buy to a Neutral rating.
October 22, 2024 | 3:29 pm
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NEGATIVE IMPACT
Cleveland Research has downgraded Snowflake from a Buy to a Neutral rating, which may affect investor sentiment and short-term stock performance.
The downgrade from Buy to Neutral by Cleveland Research suggests a less optimistic outlook on Snowflake's stock, which could lead to a decrease in investor confidence and a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100