Craig-Hallum Maintains Buy on Gentherm, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl maintains a 'Buy' rating on Gentherm (NASDAQ:THRM) but has lowered the price target from $80 to $70.
October 27, 2023 | 3:45 pm
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Gentherm's price target has been lowered from $80 to $70 by Craig-Hallum, though the 'Buy' rating is maintained.
The lowering of the price target by Craig-Hallum 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 in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100