Raymond James Maintains Outperform on Veeva Sys, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Peterson has maintained an 'Outperform' rating on Veeva Systems (VEEV) but lowered the price target from $240 to $200.
November 10, 2023 | 12:55 pm
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NEUTRAL IMPACT
Veeva Systems' price target has been lowered from $240 to $200 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100