Truist Securities Maintains Buy on Fox Factory Hldg, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz has maintained a 'Buy' rating on Fox Factory Hldg (NASDAQ:FOXF), but lowered the price target from $120 to $90.
November 03, 2023 | 8:39 pm
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NEUTRAL IMPACT
Fox Factory Hldg's price target has been lowered from $120 to $90 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 in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100