Credit Suisse Maintains Outperform on Blade Air Mobility, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Stephen Ju has maintained an 'Outperform' rating on Blade Air Mobility (NASDAQ:BLDE), but lowered the price target from $8 to $7.
August 10, 2023 | 12:42 pm
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NEUTRAL IMPACT
Blade Air Mobility's price target has been lowered from $8 to $7 by Credit Suisse, though the 'Outperform' rating is maintained.
The lowering of the price target by Credit Suisse may create a negative sentiment among investors, potentially leading to a short-term decrease in the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100