Truist Securities Downgrades Diodes to Hold, Announces $78 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has downgraded Diodes (NASDAQ:DIOD) from Buy to Hold and set a price target of $78.
January 05, 2024 | 2:43 pm
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Diodes has been downgraded by Truist Securities from Buy to Hold with a price target of $78.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target, while potentially lower than the current trading price, indicates a level that the analyst believes the stock will reach, which may limit the downside.
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