Jefferies Downgrades Harmonic to Hold, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst George Notter has downgraded Harmonic (NASDAQ:HLIT) from Buy to Hold and reduced the price target from $14 to $12.5.
October 29, 2024 | 9:42 pm
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Jefferies has downgraded Harmonic from Buy to Hold, with a reduced price target of $12.5, indicating a less optimistic outlook.
The downgrade from Buy to Hold by Jefferies suggests a less favorable view on Harmonic's stock, likely leading to short-term selling pressure. The lowered price target to $12.5 further supports this negative sentiment.
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