Keybanc Maintains Overweight on Purple Innovation, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Bradley Thomas maintains an Overweight rating on Purple Innovation (NASDAQ:PRPL) but lowers the price target from $8 to $6.

November 10, 2023 | 12:20 pm
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Purple Innovation's price target has been lowered from $8 to $6 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100