Scotiabank analyst Kevin Krishnaratne downgraded Enthusiast Gaming to Sector Perform from Outperform with a price target of C$0.50, down from C$1.50. Despite the significant underperformance of the stock in 2023 and this year-to-date, the firm believes shares are likely to remain range bound until there is greater clarity and confidence in the company’s profit profile.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EGLXF:
- ‘NFL Tuesday Night Gaming’ Season Two Wraps with Special Episodes
- Enthusiast Gaming price target lowered to C$1.50 from C$2.50 at Scotiabank
- Enthusiast Gaming downgraded to Hold yesterday at Canaccord after CEO exit
- Enthusiast Gaming downgraded to Hold from Speculative Buy at Canaccord
- Enthusiast Gaming CEO Nick Brien resigns, Adrian Montgomery named interim