Goldman Sachs Maintains Sell on H&R Block, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst George Kelly maintains a Sell rating on H&R Block (HRB) but raises the price target from $34 to $38.
February 08, 2024 | 3:45 pm
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Goldman Sachs maintains a Sell rating on H&R Block but raises the price target from $34 to $38.
The maintenance of a Sell rating by a major analyst firm like Goldman Sachs generally indicates a bearish outlook on the stock, suggesting that the analyst believes the stock will underperform the market or its sector. However, the increase in the price target from $34 to $38 suggests a slight improvement in the perceived value of the company, possibly due to recent company performance or market conditions. This mixed signal could lead to short-term volatility in the stock price, but the Sell rating is the dominant factor, likely leading to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100