UBS Maintains Buy on MYT Netherlands Parent, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar has maintained a Buy rating on MYT Netherlands Parent (NYSE:MYTE) but has reduced the price target from $5.20 to $5.00.
December 21, 2023 | 3:32 pm
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UBS analyst Kunal Madhukar maintains a Buy rating on MYT Netherlands Parent but lowers the price target from $5.20 to $5.00.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Buy rating indicates that the overall sentiment remains positive. The impact on the stock price is likely to be neutral in the short term as the decrease in target is marginal and does not change the investment recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100