Truist Securities Downgrades Splunk to Hold, Announces $157 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein has downgraded Splunk (NASDAQ:SPLK) from Buy to Hold and set a price target of $157.

November 29, 2023 | 10:04 am
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Truist Securities downgraded Splunk from Buy to Hold, potentially reducing investor optimism and setting a price target of $157.
Downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less favorable outlook by analysts. The new price target of $157 provides a benchmark that may influence investor expectations and stock valuation.
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