Phoenix Education Partners Inc. (PXED) saw its stock price plummet by 5.08% during intraday trading on Wednesday, underperforming the broader market.
The decline followed BMO's decision to cut its target price for PXED from $43 to $39, signaling reduced optimism about the company's future performance. Analysts' target price revisions often influence investor sentiment and trading activity, leading to significant price movements.