Lake Street Maintains Buy on Babcock & Wilcox, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Rob Brown has maintained a Buy rating on Babcock & Wilcox (NYSE:BW) but has lowered the price target from $11 to $8.

April 11, 2024 | 6:08 pm
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Lake Street analyst Rob Brown maintains a Buy rating on Babcock & Wilcox but lowers the price target from $11 to $8.
The maintenance of a Buy rating indicates continued confidence in Babcock & Wilcox's fundamentals and growth potential. However, the reduction in the price target could reflect adjustments in market conditions, potential challenges, or revised earnings expectations. This mixed signal might lead to short-term price volatility as investors reassess their positions based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100