Canaccord Genuity Maintains Buy on Wolfspeed, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst George Gianarikas has maintained a 'Buy' rating on Wolfspeed (NYSE:WOLF), but lowered the price target from $63 to $50.
October 31, 2023 | 6:22 pm
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Canaccord Genuity has maintained a 'Buy' rating on Wolfspeed but lowered the price target from $63 to $50.
The news is directly about Wolfspeed and is likely to impact its stock price. While the 'Buy' rating is maintained, the lowering of the price target may create some uncertainty among investors, potentially affecting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100