Rosenblatt Downgrades Altair Engineering to Neutral, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Blair Abernethy downgraded Altair Engineering (ALTR) from Buy to Neutral but increased the price target from $74 to $88.
February 23, 2024 | 12:09 pm
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Altair Engineering was downgraded by Rosenblatt from Buy to Neutral, although the price target was raised from $74 to $88.
The downgrade to Neutral suggests a more cautious outlook on ALTR's stock by Rosenblatt, potentially due to valuation or growth concerns. However, the increase in the price target to $88 indicates an expectation of some positive performance. This mixed signal could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100