Truist Securities Maintains Buy on Karat Packaging, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has maintained a Buy rating on Karat Packaging (NASDAQ:KRT) but has reduced the price target from $26 to $24.
November 10, 2023 | 2:43 pm
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NEGATIVE IMPACT
Truist Securities reaffirmed a Buy rating on Karat Packaging but lowered the price target from $26 to $24, indicating a potential downside compared to the previous target.
The reduction in price target by Truist Securities, despite maintaining a Buy rating, could lead to a negative perception among investors, potentially causing a short-term dip in KRT's stock price. The price target adjustment reflects a change in valuation expectations, which is a significant factor for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100