Baird Maintains Neutral Rating for Astec Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has maintained its Neutral rating for Astec Industries (NASDAQ:ASTE) and increased its price target from $45.00 to $50.00. Astec Industries' shares are currently trading down 1.27% at $52.67 per share. A move to $50.00 would represent a 5.07% decline from the current share price.
August 04, 2023 | 2:01 pm
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NEUTRAL IMPACT
Baird has maintained its Neutral rating for Astec Industries and raised its price target. This could potentially influence investor sentiment and the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and the stock's price. While Baird has maintained a Neutral rating, indicating no clear short-term price direction, the raised price target could suggest a potential upside. However, the stock is currently trading above the new target price, which could lead to a price adjustment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100