Truist Securities Maintains Hold on Air Transport Services Gr, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a Hold rating on Air Transport Services Group (ATSG) and increased the price target from $16 to $20.
January 10, 2024 | 2:00 pm
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Truist Securities reaffirmed a Hold rating on ATSG, but raised the price target to $20, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests an improved valuation of ATSG, which could lead to increased investor interest and a potential short-term rise in the stock price. The Hold rating indicates that the analyst sees the stock as fairly valued at the current levels, but the raised target implies expectations of some growth or positive performance ahead.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100