BofA Securities Downgrades Pershing Square to Underperform
Photo: TokenPost
BofA Securities downgraded Pershing Square Inc. (PS) to Underperform from Neutral and lowered its price target to $38 from $54, adding pressure to the investment firm’s shares before Tuesday’s U.S. session. PS shares were down 4.06% at $52.02 in premarket trading Tuesday. The move followed a previous downgrade by Citi , which cut Pershing Square to Sell/High Risk from Neutral/High Risk. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
