Truist Securities Maintains Buy on Beyond Air, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Gregory Fraser has maintained a 'Buy' rating on Beyond Air (NASDAQ:XAIR) but lowered the price target from $18 to $14.
July 21, 2023 | 2:07 pm
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Beyond Air's price target has been lowered from $18 to $14 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100