Piper Sandler Maintains Overweight on BGC Group, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Patrick Moley maintains an Overweight rating on BGC Group (NASDAQ:BGC) but has lowered the price target from $8.5 to $7.
July 05, 2023 | 10:43 am
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Piper Sandler has maintained an Overweight rating on BGC Group but lowered the price target from $8.5 to $7.
The news is directly about BGC Group. Piper Sandler's decision to maintain an Overweight rating indicates a positive outlook for the company. However, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock's short-term performance.
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