Guggenheim Maintains Buy on Charles River, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Sandy Draper has maintained a 'Buy' rating on Charles River (NYSE:CRL) but lowered the price target from $255 to $225.
September 22, 2023 | 3:40 pm
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Charles River's price target has been lowered by Guggenheim from $255 to $225, though the 'Buy' rating is maintained.
The lowering of the price target by Guggenheim could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100