Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79% year-to-date, Seeking Alpha reported Thursday. Despite the downgrade, Shirvaikar maintains a positive view on Paymentus’ fundamentals,...
Rosenblatt Securities downgraded Apple to a “sell” rating from a “neutral” one on Monday (July 8), according to a report by CNBC. The firm said there is “less reward” in owning Apple shares, even though it didn’t think the stock was a short. “We believe...
Apple’s shares were under pressure in trading Monday (June 12) after Mizuho Securities cut its investment rating on the stock to “neutral” from “buy” over concerns that any benefit from the launch of the iPhone 8 is already baked into the stock. According to media reports,...
In the midst of a euphoric rally Friday – with a rebound in energy names, and, more germane to PYMNTS, bank stocks – take a step back. Hard to not be tempted when JPMorgan is up 7 percent intraday, with news of an outsized bet...
January 02, 2024
Analysts at Barclays are forecasting continued weak demand for Apple’s iPhone. That forecast, and the downgrade that came with it, caused Apple’s stock to drop 3.6% Tuesday (Jan. 2), the largest one-day percentage drop in months, wiping out more than $107 billion in market value, Bloomberg News reported. “We expect reversion after a year when most quarters were missed and the […]
October 05, 2023
Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79%...
July 08, 2019
Rosenblatt Securities downgraded Apple to a “sell” rating from a “neutral” one on Monday (July 8), according to a report by CNBC. The firm said there is “less reward” in...
June 13, 2017
Apple’s shares were under pressure in trading Monday (June 12) after Mizuho Securities cut its investment rating on the stock to “neutral” from “buy” over concerns that any benefit from the...
