Needham Maintains Buy on Stagwell, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Laura Martin has maintained a 'Buy' rating on Stagwell (NASDAQ:STGW) but lowered the price target from $10 to $6.
October 19, 2023 | 9:59 am
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Stagwell's price target has been lowered from $10 to $6 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by a significant amount could negatively impact investor sentiment and potentially lead to a short-term decrease in Stagwell's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100