Piper Sandler Maintains Overweight on Wolfspeed, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Wolfspeed (NYSE:WOLF), but lowered the price target from $75 to $55.

October 12, 2023 | 1:11 pm
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Piper Sandler has maintained an Overweight rating on Wolfspeed, but lowered the price target from $75 to $55.
The news is directly related to Wolfspeed and is likely to influence investor sentiment. While the Overweight rating suggests that the analyst believes the stock will outperform its peers, the reduction in price target may indicate a tempered expectation of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100