B of A Securities Reinstates Underperform on Sanmina, Announces $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ruplu Bhattacharya has reinstated coverage on Sanmina (NASDAQ:SANM) with an Underperform rating and set a price target of $45.
December 15, 2023 | 2:04 pm
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NEGATIVE IMPACT
Sanmina has been reinstated with an Underperform rating by B of A Securities, with a price target of $45, which may influence the stock's performance negatively.
The reinstatement of Sanmina with an Underperform rating by a major analyst at B of A Securities, along with a specific price target, is likely to be taken seriously by investors. This could lead to a negative sentiment in the short term, potentially causing the stock price to trend towards the set target of $45.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100