Truist Securities Downgrades a.k.a. Brands Holding to Hold, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali downgraded a.k.a. Brands Holding (NYSE:AKA) from Buy to Hold and reduced the price target from $12 to $10.
March 08, 2024 | 1:30 pm
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a.k.a. Brands Holding was downgraded by Truist Securities from Buy to Hold, with a price target reduction from $12 to $10.
The downgrade from Buy to Hold suggests a less optimistic outlook on the stock by Truist Securities, potentially due to underlying business challenges or market conditions. The reduction in price target further indicates a lowered expectation for the stock's future performance, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100