Deutsche Bank Initiates Coverage On Veralto with Hold Rating, Announces Price Target of $79
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Andrew Krill has initiated coverage on Veralto (NYSE:VLTO) with a Hold rating and set a price target of $79.
January 10, 2024 | 12:04 pm
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NEUTRAL IMPACT
Deutsche Bank has initiated coverage on Veralto with a Hold rating and a price target of $79.
The initiation of coverage by a major bank like Deutsche Bank generally brings a stock into focus for investors, potentially increasing trading volume. A Hold rating suggests that the stock is expected to perform in line with the market or sector, indicating a neutral short-term impact on the stock price. The price target of $79 provides a benchmark for investors, but since it is not specified whether this target is above or below the current trading price, the impact score remains neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100