Truist Securities Maintains Buy on Beyond Air, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Gregory Fraser has maintained a Buy rating on Beyond Air (NASDAQ:XAIR) but reduced the price target from $14 to $10.
November 14, 2023 | 3:38 pm
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NEGATIVE IMPACT
Beyond Air's stock maintains a Buy rating from Truist Securities, but the price target has been lowered from $14 to $10.
The reduction in the price target by Truist Securities could lead to a negative short-term sentiment among investors, as it suggests a lower expected future stock price. However, the maintenance of a Buy rating indicates the analyst's continued positive outlook on the company's fundamentals, which could mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100