B of A Securities Maintains Neutral on Luminar Technologies, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy has maintained a Neutral rating on Luminar Technologies (NASDAQ:LAZR) and lowered the price target from $4 to $3.5.
February 29, 2024 | 3:16 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Luminar Technologies and reduced the price target from $4 to $3.5.
The reduction in the price target by B of A Securities suggests a bearish outlook on the stock's short-term price movement. Given the direct impact of analyst ratings and price targets on investor sentiment, this adjustment is likely to exert downward pressure on Luminar Technologies' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100