Stephens & Co. Maintains Overweight on Adeia, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Nicholas Zangler maintains an Overweight rating on Adeia (NASDAQ:ADEA) but lowers the price target from $17 to $16.

October 03, 2023 | 4:36 pm
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NEUTRAL IMPACT
Stephens & Co. maintains an Overweight rating on Adeia but lowers the price target from $17 to $16.
The news is directly about Adeia and is likely to impact its stock price. While the Overweight rating is positive, the lowering of the price target might have a neutralizing effect. Hence, the short-term impact is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100