Benchmark Maintains Buy Rating for Quanex Building Prods: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has reaffirmed its Buy rating on Quanex Building Prods (NYSE:NX) and increased its price target from $33.00 to $35.00. Quanex's shares are currently trading at $30.84, down 0.03% over the last 24 hours. The new price target suggests a potential upside of 13.49%. Quanex manufactures components for the building products industry, with the majority of its revenue coming from the United States.
December 19, 2023 | 5:00 pm
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Benchmark maintains a Buy rating on Quanex Building Prods and raises the price target to $35, indicating a potential 13.49% increase from the current price.
The reaffirmation of a Buy rating and an increased price target by Benchmark could lead to positive investor sentiment and a potential short-term increase in Quanex's stock price. The price target uplift reflects Benchmark's confidence in the company's future performance, which may influence other investors' perceptions and decisions.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100