Susquehanna Maintains Neutral Rating for Air Transport Services Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Susquehanna has maintained its Neutral rating on Air Transport Services Group Inc (NASDAQ:ATSG) but lowered its price target from $15.00 to $14.00. The shares of ATSG are currently trading down 0.78% at $12.72. A price target of $14.00 represents a 10.06% increase from the current share price. Air Transport Services Group operates in the airfreight and logistics industry, offering aircraft leasing, airline operations, and various support services primarily to the cargo transportation and package delivery industries.
February 28, 2024 | 5:00 pm
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Susquehanna maintains a Neutral rating on ATSG but lowers the price target from $15.00 to $14.00, indicating a potential 10.06% upside from the current price.
The adjustment in price target by Susquehanna reflects a revised valuation of ATSG, potentially due to updated assessments of its financial health or market position. Despite the reduction, the new target suggests an optimistic view of a 10.06% increase in stock price, which could influence investor sentiment positively in the short term. However, the Neutral rating indicates that Susquehanna believes ATSG will perform in line with the market or its sector, tempering expectations for significant outperformance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100