Baird Maintains Neutral on Cerence, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Luke Junk maintains a Neutral rating on Cerence (NASDAQ:CRNC) and lowers the price target from $17 to $15.
April 17, 2024 | 11:39 am
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NEGATIVE IMPACT
Baird maintains a Neutral rating on Cerence and lowers the price target from $17 to $15.
The reduction in price target by Baird, a reputable financial firm, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Cerence's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100