Truist Securities Downgrades PGT Innovations to Hold, Announces $43 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has downgraded PGT Innovations (NYSE:PGTI) from Buy to Hold and set a price target of $43.

January 09, 2024 | 12:46 pm
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NEUTRAL IMPACT
PGT Innovations was downgraded by Truist Securities from Buy to Hold with a price target of $43.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price declines. However, the price target of $43 may provide some support if it is above the current trading price. The impact is neutral to slightly negative as the downgrade to Hold suggests a lack of strong positive catalysts, but the price target indicates a belief that the stock is not significantly overvalued.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100