Truist Securities Downgrades Avid Technology to Hold, Announces $27.05 Price Target
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Terry Tillman has downgraded Avid Technology (NASDAQ:AVID) from Buy to Hold and set a price target of $27.05.
August 15, 2023 | 8:33 am
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NEGATIVE IMPACT
Avid Technology has been downgraded from Buy to Hold by Truist Securities, with a new price target of $27.05.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100