B of A Securities Upgrades Gentex to Neutral, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy has upgraded Gentex (NASDAQ:GNTX) from Underperform to Neutral and lowered the price target from $26 to $23.
July 06, 2023 | 11:22 am
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NEUTRAL IMPACT
Gentex has been upgraded to Neutral from Underperform by B of A Securities, but the price target has been lowered to $23.
The upgrade to Neutral indicates a more positive outlook for Gentex, which could potentially attract investors. However, the lowering of the price target suggests that the analyst believes the stock may not rise as much as previously expected. This mixed signal could lead to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100