Shares of Clarivate Plc (CLVT) plummeted 5.31% in intraday trading on Thursday, following a bearish report from Barclays. The information and analytics company's stock came under pressure after Barclays analyst Manav Patnaik reiterated a Sell rating on Clarivate, setting a price target of $4.00.

The Barclays report appears to have significantly impacted investor sentiment, leading to the sharp decline in Clarivate's stock price. With the current price target well below the stock's previous closing price, investors seem to be reassessing their positions in light of the negative outlook presented by the investment bank.

While Clarivate recently announced that AGC Inc. had selected its IPfolio platform to enhance IP management operations, this positive development seems to have been overshadowed by the Barclays report. The market's reaction suggests that investors are more focused on the potential downside risks highlighted by the analyst rather than the company's recent business wins.