Baird Maintains Neutral on Tetra Tech, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Andrew Wittmann has maintained a Neutral rating on Tetra Tech (NASDAQ:TTEK) and increased the price target from $172 to $180.
November 16, 2023 | 7:03 pm
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Baird analyst Andrew Wittmann maintains a Neutral rating on Tetra Tech but raises the price target from $172 to $180.
The increase in price target by Baird suggests a positive outlook on the stock's value, but the maintenance of a Neutral rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify an upgrade to a Buy rating. This could lead to a modestly positive short-term impact on the stock price as investors may adjust their valuations based on the new price target, but the neutral stance tempers expectations for any major movement.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100