Barrington Research Reiterates Outperform on Avantax, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Barrington Research analyst Alexander Paris has reiterated an 'Outperform' rating on Avantax (NASDAQ:AVTA), but lowered the price target from $32.5 to $30.
August 10, 2023 | 5:46 pm
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Avantax's price target has been lowered from $32.5 to $30 by Barrington Research, though the 'Outperform' rating is maintained.
The news is directly related to Avantax (AVTA). The lowering of the price target might indicate a potential downside risk, but the 'Outperform' rating suggests that the stock is still expected to do better than the market. This mixed signal could lead to neutral short-term price movement.
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