RBC Capital Maintains Sector Perform on Lumen Technologies, Raises Price Target to $1.75
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Bora Lee maintains a Sector Perform rating on Lumen Technologies (NYSE:LUMN) and raises the price target from $1.25 to $1.75.
March 11, 2024 | 3:07 pm
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RBC Capital analyst Bora Lee maintains a Sector Perform rating on Lumen Technologies and raises the price target from $1.25 to $1.75.
The increase in price target by RBC Capital suggests a positive outlook on Lumen Technologies' stock in the short term. While the 'Sector Perform' rating indicates a neutral stance on the company's performance relative to the sector, the raised price target from $1.25 to $1.75 reflects an expectation of stock price appreciation. This adjustment could lead to increased investor interest and potentially a short-term uptick in LUMN's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100