Truist Securities Maintains Buy Rating for Diodes: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Diodes (NASDAQ:DIOD) but lowered its price target from $94.00 to $93.00. Diodes' shares are currently trading down 0.56% at $79.56 per share. A move to $93.00 would represent a 16.9% increase from the current share price.
September 06, 2023 | 5:00 pm
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Despite a slight decrease in the price target, Truist Securities' maintained Buy rating for Diodes indicates a positive outlook. A move to the new target would mean a significant increase from the current share price.
Truist Securities' decision to maintain a Buy rating for Diodes indicates a positive outlook for the company's stock. Although the price target has been lowered slightly, it still represents a significant increase from the current share price. This suggests that Truist Securities believes Diodes' stock is undervalued and has potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100