Benchmark Maintains Buy on Caesarstone, Lowers Price Target to $6
Portfolio Pulse from jenniferd'souza@benzinga.com
Benchmark analyst Reuben Garner maintains a Buy rating on Caesarstone (NASDAQ:CSTE) but lowers the price target from $7 to $6.
August 11, 2023 | 11:35 am
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NEUTRAL IMPACT
Benchmark analyst maintains a Buy rating on Caesarstone but lowers the price target from $7 to $6.
The news is directly related to Caesarstone. While the maintained Buy rating is positive, the lowered price target could have a neutral to slightly negative impact on the stock in the short term as it indicates a lower expected return for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100