Roth MKM Maintains Buy on Wolfspeed, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Craig Irwin maintains a 'Buy' rating on Wolfspeed (NYSE:WOLF) but lowers the price target from $71 to $65.
August 17, 2023 | 4:27 pm
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NEUTRAL IMPACT
Despite the lowered price target from $71 to $65, Roth MKM maintains a 'Buy' rating on Wolfspeed (WOLF).
The news is directly about Wolfspeed (WOLF). The lowered price target might cause some short-term negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100