Stephens & Co. Maintains Overweight on Cannae Holdings, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst John Campbell has maintained an Overweight rating on Cannae Holdings (NYSE:CNNE) but lowered the price target from $36 to $30.
November 08, 2023 | 4:43 pm
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NEGATIVE IMPACT
Cannae Holdings' price target has been lowered from $36 to $30 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. indicates a potential decrease in the short-term value of Cannae Holdings' stock. However, the maintained Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100