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Stock impact report

Clarivate Plc (CLVT) Downgraded Amid Turnaround Challenges [Yahoo! Finance]

Clarivate Plc Ordinary Shares (CLVT) 
Company Research Source: Yahoo! Finance
downgraded Clarivate Plc (NYSE:CLVT) to Underweight from Equal Weight and reduced the price target to $3 from $5 on December 17. The firm believes that the company's share will continue to underperform as its turnaround “continues to struggle.” From tight budgets to intense competition, the company's strategic review is unlikely to generate significant value, the analyst says in a research note. The leading bank noted guidance for flat-to-low-single-digit growth for Clarivate Plc (NYSE:CLVT) and limited operating leverage potential, which would result in low-single-digit adjusted EBITDA growth. goodluz/Shutterstock.com Morgan Stanley emphasized the funding pressures across key sectors, including pharmaceutical, academic, and government, as likely negative drivers under the current Administration, which could impact the company's overall recovery. The competitive pressures arise from the accelerating AI, which could enhance the competitor's capabilities to ingest data and compete Show less Read more
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