RBC Capital Maintains Outperform on Graco, Lowers Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray has maintained an 'Outperform' rating on Graco (NYSE:GGG), but lowered the price target from $94 to $91.
July 28, 2023 | 1:55 pm
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Graco's price target has been lowered by RBC Capital from $94 to $91, although the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100