B of A Securities Maintains Neutral on Navitas Semiconductor, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya has maintained a Neutral rating on Navitas Semiconductor (NASDAQ:NVTS) and lowered the price target from $11 to $10.
August 15, 2023 | 1:20 pm
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NEGATIVE IMPACT
Navitas Semiconductor's price target has been lowered from $11 to $10 by B of A Securities, while maintaining a Neutral rating.
The lowering of the price target by B of A Securities indicates a potential decrease in the stock's value. The maintained Neutral rating suggests that the stock is not expected to outperform the market, which could lead to a lack of investor interest and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100