Keybanc Maintains Overweight on Applied Industrial Techs, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ken Newman has maintained an Overweight rating on Applied Industrial Technologies (NYSE:AIT) and increased the price target from $182 to $195. This adjustment reflects a positive outlook on the company's stock performance.
January 26, 2024 | 9:59 am
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Keybanc analyst Ken Newman has reaffirmed an Overweight rating on Applied Industrial Technologies and raised the price target from $182 to $195, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals a positive forecast for the company's stock, suggesting potential for price appreciation. This can often lead to increased investor confidence and a short-term rise in the stock price.
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