B of A Securities Maintains Underperform on Wolfspeed, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains an Underperform rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $49 to $40.
October 10, 2023 | 7:19 pm
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NEGATIVE IMPACT
B of A Securities has maintained an Underperform rating on Wolfspeed and lowered the price target from $49 to $40.
The lowered price target by B of A Securities indicates a bearish outlook for Wolfspeed. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100