Lake Street Maintains Buy on Tremor Intl, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Eric Martinuzzi has maintained a 'Buy' rating on Tremor Intl (NASDAQ:TRMR) but lowered the price target from $10 to $8.
August 18, 2023 | 3:09 pm
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NEUTRAL IMPACT
Tremor Intl's price target has been lowered from $10 to $8 by Lake Street, though the 'Buy' rating is maintained.
The news of a lowered price target could potentially lead to a short-term negative sentiment among investors, possibly putting downward pressure on the stock. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100