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Benzinga

Business

Shivani Kumaresan

Read Why KeyBanc Is Cautious On Chegg

Keybanc CHGG United States Chegg Inc NYSE

KeyBanc analyst Jason Celino downgraded Chegg Inc (NYSE:CHGG) to Sector Weight from Overweight.
Celino said he observed a downtick in growth trends in the company’s credit/debit transactions.
Though international prospects seem bright, powered by localization catalysts, Celino believes that consistent growth in the U.S. is needed to warrant further multiple re-rating at current levels.
Price Action: CHGG shares are trading lower by 2.10% at $34.55 in premarket on the last check Tuesday.

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