Raymond James Maintains Strong Buy on Pure Storage, Lowers Price Target to $42-Report Released on 29th November 2023
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained a Strong Buy rating on Pure Storage (NYSE:PSTG) but reduced the price target from $45 to $42.

November 30, 2023 | 8:12 pm
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Raymond James analyst reaffirms a Strong Buy rating on Pure Storage but lowers the price target from $45 to $42.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the Strong Buy rating reaffirmation suggests that the analyst sees continued upside potential, which could balance out the negative impact of the target reduction.
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