Baird Upgrades Albany Intl to Outperform, Raises Price Target to $120
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Peter Arment has upgraded Albany Intl (NYSE:AIN) from Neutral to Outperform and raised the price target from $101 to $120.
July 14, 2023 | 9:50 am
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POSITIVE IMPACT
Albany Intl's rating has been upgraded to Outperform from Neutral by Baird, with a raised price target of $120 from $101.
The upgrade from Baird is a positive signal for Albany Intl. It indicates that the analyst believes the company's stock will outperform the market. The raised price target also suggests that the analyst sees potential for the stock's price to increase. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100