Truist Securities Maintains Buy on Biote, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Gregory Fraser has maintained a Buy rating on Biote (NASDAQ:BTMD) but has lowered the price target from $10 to $9.

January 18, 2024 | 7:13 pm
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NEUTRAL IMPACT
Truist Securities analyst has maintained a Buy rating on Biote but reduced the price target from $10 to $9.
While the reduction in price target could suggest a slightly less optimistic outlook on Biote's future price performance, the maintenance of a Buy rating indicates that the analyst still sees positive potential in the stock. The impact is likely neutral in the short term as the lowered price target may be offset by the continued positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100