Keybanc Maintains Overweight on Global E Online, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Josh Beck has maintained an Overweight rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $42 to $40.
November 16, 2023 | 8:47 am
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Keybanc analyst Josh Beck maintains an Overweight rating on Global E Online but lowers the price target from $42 to $40.
While the Overweight rating suggests that Keybanc continues to view Global E Online positively, the reduction in the price target could imply a more conservative outlook on the company's future price performance. This might lead to a neutral short-term impact on the stock as the positive sentiment from the Overweight rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100