InterDigital Double-Downgraded by BofA Over Limited Growth Opportunities
Monday, 1 April 2024, 12:37
InterDigital Double-Downgraded by BofA
BofA Securities has decided to double downgrade InterDigital to Underperform, emphasizing the company's challenges in finding sustainable growth opportunities in the long run.
Key Points:
- Double Downgrade: InterDigital now rated Underperform by BofA Securities.
- Growth Concerns: Limited growth prospects cited as the primary reason for the downgrade.
This move by BofA highlights the increasing competition and challenges faced by InterDigital in the current market landscape.
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