Goldman Sachs Maintains Neutral on Lumen Technologies, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brett Feldman has maintained a Neutral rating on Lumen Technologies (NYSE:LUMN) but has lowered the price target from $3 to $1.5.
November 10, 2023 | 4:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Lumen Technologies but reduced the price target from $3 to $1.5, indicating a potential downside from the previous target.
The reduction in price target by a major analyst like Goldman Sachs suggests a bearish view on the stock's value, which could lead to a negative short-term impact on Lumen Technologies' stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100