Baird Maintains Outperform on Sequans Communications, Lowers Price Target to $3
Portfolio Pulse from jenniferd'souza@benzinga.com
Baird analyst Tristan Gerra maintains an Outperform rating on Sequans Communications (NYSE:SQNS) but has lowered the price target from $7 to $3.
August 08, 2023 | 1:05 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sequans Communications' price target has been lowered from $7 to $3 by Baird, though the Outperform rating is maintained.
The lowering of the price target by Baird indicates a potential decrease in the short-term value of Sequans Communications' stock. However, the maintained Outperform rating suggests that the company is still expected to perform well relative to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100