Benchmark Maintains Buy on Intuitive Machines, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Josh Sullivan has maintained a Buy rating on Intuitive Machines (NASDAQ:LUNR) but has reduced the price target from $14 to $10.

November 14, 2023 | 2:23 pm
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Benchmark analyst Josh Sullivan reaffirms a Buy rating on Intuitive Machines but lowers the price target to $10, indicating a potential downside compared to the previous target of $14.
The reduction in price target by Benchmark analyst Josh Sullivan could lead to a negative short-term impact on LUNR's stock price as it suggests a lower expected future price, despite maintaining a Buy rating. Investors may perceive this as a sign of reduced growth prospects or potential challenges ahead.
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IMPORTANCE 80
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