Truist Securities Maintains Buy on Penumbra, Lowers Price Target to $345
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst David Rescott maintains a 'Buy' rating on Penumbra (NYSE:PEN) but lowers the price target from $370 to $345.
August 04, 2023 | 11:44 am
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NEUTRAL IMPACT
Despite the lowered price target from $370 to $345, Truist Securities maintains a 'Buy' rating on Penumbra.
The lowered price target might initially cause some negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could balance out the initial negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100