InterDigital Faces Double Downgrade to Underperform by BofA
Monday, 1 April 2024, 12:37
InterDigital Double Downgraded by BofA
BofA Securities has downgraded InterDigital from its previous rating to Underperform due to perceived limited growth opportunities. This decision was based on a comprehensive evaluation of the company's long-term prospects.
Rationale for Downgrade
The principal reason behind the double downgrade of InterDigital by BofA Securities is the limited growth opportunities observed for the company. This assessment indicates a cautious approach to the future performance of InterDigital.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.