What's Going On With Teladoc Health Shares Today?
Shares of Teladoc Health Inc. (NYSE: TDOC) are trading lower today following an analyst downgrade.
Why Is It Moving?
Shares are down after Guggenheim downgraded the stock from Neutral to Sell and lowered its price target to $25. The firm reportedly cited slowing growth following the company's pandemic-driven boom.
This reportedly marks Teladoc’s first sell rating from a Wall Street analyst and it seems to be worrying investors.
TDOC Price Action: Shares are down 6.55% at $36.87 during Wednesday's premarket trading session, according to Benzinga Pro.
Photo: Courtesy of the National Cancer Institute on Unsplash
Latest Ratings for TDOC
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Piper Sandler | Maintains | Overweight | |
| Mar 2022 | UBS | Maintains | Neutral | |
| Mar 2022 | Argus Research | Upgrades | Hold | Buy |
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