Jefferies Upgrades Holley to Buy, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Bret Jordan has upgraded Holley (NYSE:HLLY) from Hold to Buy, while also reducing the price target from $8 to $5.

November 15, 2023 | 11:06 am
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POSITIVE IMPACT
Jefferies has upgraded Holley's rating to Buy from Hold, but has reduced the price target from $8 to $5.
The upgrade to a Buy rating suggests a positive outlook on Holley's stock, indicating a potential increase in investor confidence and stock price. However, the reduction in the price target may temper some of the positive sentiment, as it suggests a lower expected future price than previously estimated. The net effect is likely positive in the short term due to the upgrade outweighing the reduced price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100