Stifel Reiterates Buy on Karat Packaging, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Michael Hoffman has reiterated a Buy rating on Karat Packaging (NASDAQ:KRT) and increased the price target from $30 to $32.
March 15, 2024 | 1:39 pm
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Stifel analyst Michael Hoffman reiterates a Buy rating on Karat Packaging and raises the price target from $30 to $32.
The reiteration of a Buy rating combined with an increased price target typically signals a positive outlook on the company's future performance, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100