Truist Securities Maintains Buy on Holley, Lowers Price Target to $9-Report released on 8th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz maintains a 'Buy' rating on Holley (NYSE:HLLY) but lowers the price target from $10 to $9.
November 09, 2023 | 10:38 pm
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NEUTRAL IMPACT
Despite the lowered price target, Truist Securities maintains a 'Buy' rating on Holley, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term volatility in the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100