Cantor Fitzgerald Maintains Overweight on VinFast Auto, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has maintained an Overweight rating on VinFast Auto (NASDAQ:VFS) but lowered the price target from $9 to $8.

April 18, 2024 | 1:38 pm
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Cantor Fitzgerald maintains an Overweight rating on VinFast Auto but reduces the price target from $9 to $8.
The reduction in price target by Cantor Fitzgerald, despite maintaining an Overweight rating, could lead to a negative perception among investors, potentially causing a short-term decrease in VFS's stock price. The adjustment reflects a reassessment of the company's valuation, possibly due to updated financial forecasts or market conditions.
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