Truist Securities Maintains Buy on Progyny, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jailendra Singh has maintained a Buy rating on Progyny (NASDAQ:PGNY) but lowered the price target from $47 to $46.

February 28, 2024 | 3:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Progyny but lowers the price target from $47 to $46.
While the maintenance of a Buy rating suggests continued confidence in Progyny's fundamentals and growth prospects, the reduction in price target could reflect minor adjustments in valuation models or market conditions. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive endorsement against the slight caution implied by the lowered target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100