Truist Securities Maintains Hold on Avnet, Raises Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst William Stein maintains a 'Hold' rating on Avnet (NASDAQ:AVT) and raises the price target from $49 to $50.

August 17, 2023 | 3:40 pm
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Avnet's price target has been raised from $49 to $50 by Truist Securities, while maintaining a 'Hold' rating.
The news is directly related to Avnet (AVT). The price target increase from $49 to $50 by Truist Securities indicates a positive outlook, but the 'Hold' rating suggests that the stock is expected to perform in line with the market, which is why the score is neutral (0). The relevance is high (100) as AVT is the main subject of the news. The importance is set to 70 as price target changes can influence investor sentiment. The confidence level is high (90) as the information is clear and comes from a reliable source.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100