Goldman Sachs Maintains Sell on Avnet, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a Sell rating on Avnet (NASDAQ:AVT) and lowers the price target from $48 to $42.

February 01, 2024 | 1:58 pm
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Goldman Sachs maintains a Sell rating on Avnet and reduces the price target from $48 to $42.
The reduction in price target by Goldman Sachs, a major financial institution, along with the maintenance of a Sell rating, is likely to negatively impact investor sentiment towards Avnet in the short term. This could lead to a decrease in stock price as the market adjusts to the new valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100