Guggenheim Maintains Buy on Sinclair, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Curry Baker has maintained a 'Buy' rating on Sinclair (NASDAQ:SBGI) but lowered the price target from $30 to $20.
November 02, 2023 | 8:37 pm
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Sinclair's price target has been lowered from $30 to $20 by Guggenheim, though the 'Buy' rating is maintained.
The lowering of the price target by Guggenheim indicates a potential decrease in Sinclair's stock value in the short term. However, the maintained 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100