Truist Securities Maintains Buy on Denny's, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has maintained a 'Buy' rating on Denny's (NASDAQ:DENN) but lowered the price target from $13 to $12.
October 31, 2023 | 4:33 pm
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Denny's has had its price target lowered from $13 to $12 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities 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 stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100