U - Unity Software Stock Is Moving Lower: What's Going On? | Benzinga
Unity Software Inc (NYSE: U) shares are trading lower Monday following an analyst downgrade.
What Happened: Piper Sandler analyst Brent Bracelin downgraded Unity Software from an Overweight rating to a Neutral rating and lowered the price target from $48 to $30.
The downgrade comes after multiple analysts lowered price targets on the stock last week in the wake of CEO John Riccitiello's retirement.
Last Monday, Unity announced that Riccitiello would retire as chairman, ...