Canaccord Genuity Maintains Buy on Holley, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara has maintained a Buy rating on Holley (NYSE:HLLY) but has lowered the price target from $9 to $8.
February 29, 2024 | 3:17 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Holley but lowers the price target from $9 to $8.
While the maintenance of a Buy rating suggests continued confidence in Holley's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook is likely to support the stock's performance in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100