Getty Images Holdings, Inc. (GETY) saw its stock price plummet 8.19% in pre-market trading on Tuesday, following a significant downgrade from Benchmark. The financial services firm cut its rating on Getty Images from Buy to Hold, sparking a sell-off among investors.
The downgrade from Benchmark suggests a shift in the firm's outlook on Getty Images' future performance. While specific reasons for the downgrade were not immediately available, such changes in analyst ratings often reflect concerns about a company's growth prospects, financial health, or competitive position in the market.
Investors are advised to watch for any further analyst comments or company announcements that might provide more context for this rating change. The stock's performance during the regular trading session will be closely monitored to see if the pre-market losses extend or if buyers step in to support the price.
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