Canaccord Genuity Maintains Buy on Wolfspeed, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst George Gianarikas has maintained a 'Buy' rating on Wolfspeed (NYSE:WOLF), but lowered the price target from $72 to $64.
August 18, 2023 | 11:39 am
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Canaccord Genuity has maintained a 'Buy' rating on Wolfspeed but lowered the price target from $72 to $64.
The news is directly related to Wolfspeed (WOLF). While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential short-term decrease in the stock price. However, the overall impact is neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100