KeyBanc Downgrades Duolingo Inc. (DUOL) to Sector Weight
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Duolingo (DUOL) Expansion and Material Revisions 'Less Likely,' - KeyBanc
July 11, 2022 3:15 PM EDTDuolingo (NASDAQ: DUOL) shares have been downgraded from Overweight to Sector Weight by KeyBanc Capital analyst Justin Patterson Monday.
The downgrade comes after shares exceeded the firm's previous price target, with Patterson saying they "now appropriately reflect the product cycle."
"Given headwinds from inflation and signs of softness in other... More
