Citi upgrades Nevro to neutral following sell-off (NYSE:NVRO)

Adam Goulet

Citi has upgraded Nevro (New York Stock Exchange: NFPRO) to neutral, citing the recent sell-off in the stock following the company’s revised guidance.

The investment bank noted that Nevero’s shares have fallen about 74% since the beginning of the year, adding that it believes “there is little near-term optimism in the stock.”

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