B of A Securities Maintains Underperform on Wolfspeed, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya has maintained an Underperform rating on Wolfspeed (NYSE:WOLF) and lowered the price target from $56 to $49.
August 17, 2023 | 11:53 am
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NEGATIVE IMPACT
B of A Securities has maintained an Underperform rating on Wolfspeed and lowered the price target from $56 to $49.
The lowered price target and maintained Underperform rating by B of A Securities indicates a negative outlook for Wolfspeed. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100