Rosenblatt Maintains Neutral on Adtran Holdings, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has maintained a Neutral rating on Adtran Holdings (NASDAQ:ADTN) and lowered the price target from $8 to $7.5.

February 28, 2024 | 8:48 pm
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NEGATIVE IMPACT
Rosenblatt has maintained a Neutral rating on Adtran Holdings and lowered the price target from $8 to $7.5.
The lowering of the price target by Rosenblatt suggests a less optimistic outlook on Adtran Holdings' stock value in the short term, which could lead to a negative impact on its stock price. The Neutral rating indicates that the analyst does not see significant upside or downside potential from the current price level, but the reduction in the price target could influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100