B of A Securities Maintains Underperform on World Kinect, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains an Underperform rating on World Kinect (NYSE:WKC) and raises the price target from $23 to $26.
March 14, 2024 | 5:17 pm
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NEGATIVE IMPACT
B of A Securities maintains an Underperform rating on World Kinect but raises the price target from $23 to $26.
The maintenance of an Underperform rating suggests a negative outlook on the stock's performance. However, the increase in price target indicates a slightly improved valuation perspective. This mixed signal could lead to short-term price volatility as investors reassess the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100